Posted by **nicky** on Saturday, October 13, 2012 at 11:49am.

You want to have $6 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 5.1 percent.

What real amount must you deposit each year to achieve your goal?

## Answer This Question

## Related Questions

- business - You want to have $6 million in real dollars in an account when you ...
- Finance - You want to have $5 million in real dollars in an account when you ...
- finance - You want to have $2 million in real dollars in an account when you ...
- Math - You want to have 1.5 million in real dollars in an account when you ...
- Math - Real Reverse Nominal Returns You purchase 100 shares of stock for $40 a ...
- math problem - Real Versus Nominal Returns. A foreign stock market provided a ...
- Math - Real Versus Nominal Returns. The Costaguanan stock market provided a rate...
- Math - Real Versus Nominal Returns. The Costaguanan stock market provided a rate...
- Economics - If the velocity of circulation is constant, real GDP is growing at 3...
- Real reverse Nominal Returns - You purchase 100 shares of stock for $40 a share...

More Related Questions