Donovan to have the cash to purchase a home at, Financial Management

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Donovan to have the cash to purchase a home at

Accumulating a growing future sum A retirement home at Deer Trail Estates now costs $ 182. Inflation is expected to cause this price to increase at 4?% per year over the 17 years before C. L. Donovan retires. How large an equal annual? end-of-year deposit must be made each year into an account paying an annual interest rate of 11?% for Donovan to have the cash to purchase a home at? retirement?

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