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Score: 0 of 1 pt 5 of 5 (3 complete) HW Score: 60%, 3 of 5 pts P5-44 (similar to) Question Help Creating a retirement

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Score: 0 of 1 pt 5 of 5 (3 complete) HW Score: 60%, 3 of 5 pts P5-44 (similar to) Question Help Creating a retirement fund Personal Finance Problem to supplement your retirement, you estimate that you need to accumulate $280,000 exactly 43 years from today. You plan to make equal, end-of-year deposits into an account paying 8% annual interest a. How large must the annual deposits be to create the $280,000 fund by the end of 43 years? b. If you can afford to deposit only $710 per year into the account, how much will you have accumulated in 43 years? a. The annual deposits to create the $280,000 fund by the end of 43 years should be $. (Round to the nearest cent.)

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