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Accumulating a growing future sum: Personal Finance Problem .A retirement home at Deer Trail Estates now costs $ 126,000. Inflation is expected to cause this

Accumulating a growing future sum: Personal Finance Problem .A retirement home at Deer Trail Estates now costs $ 126,000. Inflation is expected to cause this price to increase at 5% per year over the 22 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 22 years from now?

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