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reating a retirement fund Personal Finance Problem To supplement your retirement, you estimate that you need to accumulate $ 4 0 0 0 0 0

reating a retirement fundPersonal Finance ProblemTo supplement your retirement, you estimate that you need to accumulate $400000 exactly 35 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 $400000 fund by the end of 35years?
b.If you can afford to deposit only $2770 per year into the account, how much will you have accumulated in 35years?
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Part 1
a.The annual deposits to create the $400000 fund by the end of 35 years should be $
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