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Accumulating a growing future sum-Personal Finance Problem

A retirement home at Deer Trail Estates now costs $ 150,000. Inflation is expected to cause this price to increase at 7?% per year over the 17 years before C. L. Donovan retires. How large an equal annual? end-of-year deposit must be made each year into an account paying an annual interest rate of 12 ?% for Donovan to have the cash to purchase a home at? retirement?

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