You would like to have 30000 in real in an account 50


You would like to have $30000 (in real $) in an account 50 years from now. If the annual inflation rate is expected to be 2.4%, and you expect a nominal annual return of 7% on the account, how much would you need to put in today?

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Financial Management: You would like to have 30000 in real in an account 50
Reference No:- TGS01361792

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