Question: I need help, please. Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $162,000. Inflation is expected

I need help, please.

Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $162,000. Inflation is expected to cause this price to increase at 7% per yeal over the 25 years before C. L. Donovan retires. If Donovan earns 11% on his investments, ow large must an equal, end-of-year deposit must be to provide the cash needed to buy the home 25 years from now? The equal, annual end-of-year deposit to be made each year into the account is $ (Round to the nearest cent.)

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