Mathematics, 19.11.2019 17:31 jahzz
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 percent and the inflation rate is 3.2 percent. what is the real amount you must deposit each year to achieve your goal?
multiple choice
a.$20,403
b.$7,482
c.$16,017
d.$18,887
e.$19,711
Answers: 1
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You want to have $2 million in real dollars in an account when you retire in 35 years. the nominal r...
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