Find the amount one would have to save per week to accumulate, in real terms, $1,000,000...
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Find the amount one would have to save per week to accumulate, in real terms, $1,000,000 in 45 years if the stated rate of interest per year = 6% and the expected rate of inflation over the period = 2.5% per year. Your rich uncle dies, and his will stipulates that his estate is to pay you $5,000 per month for the next 55 years. If the nominal interest rate is 7% per year and the expected rate of inflation is 4% per year, how much is this bequest worth today in both nominal and real terms?
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1 Saving to Accumulate 1 000 000 in Real Terms To calculate the amount that needs to be saved per week to accumulate 1 000 000 in real terms we need t View the full answer
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