Question: Question Help Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $180,000. Inflation is expected to cause

 Question Help Accumulating a growing future sum Personal Finance Problem A

Question Help Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $180,000. Inflation is expected to cause this price to increase at 6% per year over the 22 years before C Donovan retres. if Donovan earns 12% on his investments, ow large must an equal, end-of-year deposit must be to provide the cash needed to buy the home 22 years from now? The equal, annual end-of-year deposit to be made each year into the account is $. (Round to the nearest cort)

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