Accumulating a growing future sum:A retirement home at Deer Trail Estates now costs $194000.

Inflation is expected to cause this price to increase at 6% per year over the next 18 years before C. L. Donovan retires. If Donovan earns

9% on his investments, ow large must an equal, end-of-year deposit must be to provide the cash needed to buy the home 18

years from now?

The equal, annual end-of-year deposit to be made each year into the account is: