Business, 13.11.2019 19:31 Lolgirl5862

To supplement your planned retirement in exactly 42 years, you estimate that you need to accumulate $220,000 by the end of 42 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 $220,000 fund by the end of 42 years? b. if you can afford to deposit only $600 per year into the account, how much will you have accumulated by the end of the forty-second year?

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To supplement your planned retirement in exactly 42 years, you estimate that you need to accumulate...