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To supplement your retirement, you estimate that you need to accumulate $ 3 9 0 , 0 0 0 exactly 3 5 years from today.

To supplement your retirement, you estimate that you need to accumulate $390,000 exactly 35 years from today. You plan to make equal, end-of-year deposits into an account paying 7% annual interest.
a.How large must the annual deposits be to create the $390,000 fund by the end of 35years?
b.If you can afford to deposit only $2,220 per year into the account, how much will you have accumulated in 35years?
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