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Creating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $360,000 exactly 39 years from today.
Creating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $360,000 exactly 39 years from today. You plam to make equal, end-of-year deposits into an account paying 9% annual interest a. How large must the annual deposits be to create the $360,000 fund by the end of 39 years? b. If you can afford to deposit only $910 per year into the account, how much will you have accumulated in 39 years? CTTO a. The annual deposits to create the $360,000 fund by the end of 39 years should be $(Round to the nearest cent)
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