You want to have 4 million in real dollars in an account, Financial Management

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You want to have 4 million in real dollars in an account

You want to have $4 million in real dollars in an account when you retire in 30 years. The nominal return on your investment is 10 percent and the inflation rate is 4 percent. What real amount must you deposit each year to achieve your goal? (Do not round your intermediate calculations.)

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Financial Management: You want to have 4 million in real dollars in an account

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Financial Management: You want to have 4 million in real dollars in an account

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