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You want to have $2 million in real dollars in an account when you retire in...

You want to have $2 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 13 percent and the inflation rate is 5 percent. What real amount must you deposit each year to achieve your goal? Multiple Choice • $8,531.47 • $1,972.96 • $8,958.04 • $8,872.73 • $8,104.90

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