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To supplement your planned retirement in exactly45 years, you estimate that you need to accumulate $ 220,000 by the end of 45 years from today. You plan to make? equal, annual,? end-of-year deposits into an account paying 8% annual interest.

A) The annual deposits to create the $ 220,000 fund by the end of 45 years should be? Round to nearest cent

B) If you can afford to deposit only $ 440 per year into the? account, how much will you have accumulated by the end of 45 years ?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92054634

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