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Click to see To supplement your planned retirement in exactly 36 years, you estimate that you need to accumulate $260,000 by the end of 36

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Click to see To supplement your planned retirement in exactly 36 years, you estimate that you need to accumulate $260,000 by the end of 36 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 $260,000 fund by the end of 36 years? b. If you can afford to deposit only $1,080 per year into the account, how much will you have accumulated by the end of 36 years? Your Answer: (Round to two decimal places.) a. The annual deposits to create the $260009 fund by the end of 36 years should be $ b. If you can afford to deposit only $1080 per year into the account, by the end of 36 years you will have $

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