To supplement your planned retirement in exactly

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Reference no: EM131192492

To supplement your planned retirement in exactly 37 years , you estimate that you need to accumulate $ 200,000 by the end of 37 years from today.

You plan to make? equal, annual,? end-of-year deposits into an account paying 8% annual interest

A) How large must the annual deposits be to create the $ 200,000 fund by the end of 37 years ?

B) If you can afford to deposit only $ 770 per year into the? account, how much will you have accumulated by the end of 37 years ?

Reference no: EM131192492

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