Question: Problem 1 9 Intro You want to have $ 5 0 0 , 0 0 0 in today's ( real ) dollars when you retire

Problem 19
Intro
You want to have $500,000 in today's (real) dollars when you retire in 40 years. The expected inflation rate is
3% and the nominal return on your investments is 7.2%.
Part 1
How much money do you have to save now if you can't make any additional deposits?
Problem 19 Intro You want to have $500,000 in today's (real)

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