You Want to Have $2 Million in Real Dollars in an Account

question 110

Multiple Choice

You want to have $2 million in real dollars in an account when you retire in 35 years. The nominal return on your investment is 9.94 percent and the inflation rate is 3.2 percent. What is the real amount you must deposit each year to achieve your goal?

• A) $20,403
• B) $7,482
• C) $16,017
• D) $18,887
• E) $19,711

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Definitions:

Masturbated

The practice of self-stimulation, often until reaching orgasm.

Masturbation

Sexual self-stimulation of one's own genitals, often leading to orgasm.

Vaginal Intercourse

An intimate act where the penis is inserted into the vagina.

Masturbate

The act of self-stimulation of one's genitals, usually to the point of sexual arousal or orgasm.