Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $155,000. Inflation is expected to cause this price to increase at 5% per year over the 21 years before C. L. Donovan retires. If Donovan earns 11% on his investments, ow large must an equal, end-ofyear deposit must be to provide the cash needed to buy the home 21 years from now? The equal, annual end-of-year deposit to be made each year into the account is $. (Round to the nearest cent.) Loan payment Determine the equal, annual, end-of-year payment required each year over the life of the loan shown in the following table to repay it fully during the stated term of the loan. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) The amount of the equal, annual, end-of-year payment, CF, is $ (Round to the nearest cent.)