How much do you need to put into the account today, Microeconomics

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How much do you need to put into the account today

Problem

If you want to have $500,000 in today's dollars in account after 10 years, how much do you need to put into this account today assuming 3% annual inflation and a 4% nominal annual bank rate compounded monthly?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How much do you need to put into the account today

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Microeconomics: How much do you need to put into the account today

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