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Creating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $260,000 exactly 35 years from deposits into

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Creating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $260,000 exactly 35 years from deposits into an account paying 12% annual interest a. How large must the annual deposits be to create the $260,000 fund by the end of 35 years? b. If you can afford to deposit only $460 per year into the account, how much will you have accurnulated in 35 years? a. The annual deposits to create the $260,000 fund by the end of 35 years should be 5 (Round to the nearest cent.) Creating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $260,000 exactly 35 years from deposits into an account paying 12% annual interest a. How large must the annual deposits be to create the $260,000 fund by the end of 35 years? b. If you can afford to deposit only $460 per year into the account, how much will you have accurnulated in 35 years? a. The annual deposits to create the $260,000 fund by the end of 35 years should be 5 (Round to the nearest cent.)

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