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lomework: HW Ch5 Question 22, P5-45 (similar to) HW Score: 28.53%, 99.86 of 350 points O Points: 0 of 10 Save Accumulating a growing

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lomework: HW Ch5 Question 22, P5-45 (similar to) HW Score: 28.53%, 99.86 of 350 points O Points: 0 of 10 Save Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $199,000. Inflation is expected to cause this price to increase at 5% per year over the 20 years before C. L. Donovan retires. If Donovan eams 11% on his investments, ow large must an equa end-of-year deposit must be to provide the cash needed to buy the home 20 years from now? The equal, annual end-of-year deposit to be made each year into the account is $ (Round to the nearest cent.)

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