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Creating a retirement fund Personal Finance Problem To supplement your retiremem, you estimate that you need to accumulate $270,000 exactly 43 years from today. You

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Creating a retirement fund Personal Finance Problem To supplement your retiremem, you estimate that you need to accumulate $270,000 exactly 43 years from today. You plan to make equal, end-of-year deposits into an acoount paying 8% ahnual interest a. How large must the annual deposits be to create the $270,000 fund by the end of 43 years? b. If you can allord to deposit only $630 per year into the account, how much will you have accumulated in 43 years? a. The arenuar deposis to crease the $270,000 fund by the end of 43 years should be 1 (Flound to the nearest cent)

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