You want to have $2.5 million in real dollars in an account when you retire in 40
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You want to have $2.5 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is 10.1 percent and the inflation rate is 3.4 percent. What real amount must you deposit each year to achieve your goal?
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lultin f the rel munt yu must desit eh yer t hieve yur ...View the full answer
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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