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Creating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $370.000 exactly 36 years trom today. You

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Creating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $370.000 exactly 36 years trom today. You plan to make equal, end-of-year deposits into an account paying 11% annual interest a. How large must the annual deposits be to create the $370,000 fund by the end of 38 years? b. If you can afford to deposit only $790 per year into the account, how much will you have accumulated in 36 years? a. The annual deposits to create the $370,000 fund by the end of 36 years should be $ (Round to the nearest cent.) b. If you can afford to deposit only $790 per year into the account, by the end of 36 years you will have $ (Round to the nearest cent.)

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