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Creating a retirement fundPersonal Finance ProblemTo supplement your retirement, you estimate that you need to accumulate $ 3 3 0 comma 0 0 0 exactly

Creating a retirement fundPersonal Finance ProblemTo supplement your retirement, you estimate that you need to accumulate $330 comma 000 exactly 45 years from today. You plan to make equal, end-of-year deposits into an account paying6% annual interest.a.How large must the annual deposits be to create the $330 comma 000 fund by the end of 45 years?b.If you can afford to deposit only $1 comma 250 per year into the account, how much will you have accumulated in 45 years?

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