Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $194,000. Inflation is expected to cause this price to increase at 5% per year over the 24 years before C. L. Donovan retires. 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 24 years from now? The equal, annual end-of-year deposit to be made each year into the account is $. (Round to the nearest cent.)