Mathematics, 14.08.2020 22:01 rebecca7415
You want to have $2 million in real dollars in an account when you retire in 35 years. The nominal return on your investment is 9.94% and the inflation rate is 3.2%. What is the real amount you must deposit each year to achieve your goal?
a. $20,403.
b. $7,482.
c. $16,017.
d. $18,887.
e. $19,711.
Answers: 1
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