Creating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $220,000 exactly 35 years from 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 $220,000 fund by the end of 35 years? b. If you can afford to deposit only $530 per year into the account, how much will you have accumulated in 35 years?