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can somoene please show me how to solve this if possible in excel? thank you Accumulating a growing future sum Personal Finance Problem A retirement
can somoene please show me how to solve this if possible in excel? thank you
Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $195,000. Inflation is expected to cause this price to increase at 5% per year over the 18 years before CL 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 18 years from now? The equal, annual end-of-year deposit to be made each year into the account is $ (Round to the nearest cent) Step by Step Solution
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