If you can afford to deposit only 750 per year into the, Financial Management

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If you can afford to deposit only 750 per year into the

To supplement your planned retirement in exactly 35 years, you estimate that you need to accumulate $250,000 by the end of 35 years from today. You plan to make equal, annual end-of-year deposits into an account paying 8% annual interest.

How large must the annual deposits be to create the $250,000 fund by the end of 35 years?

If you can afford to deposit only $750 per year into the account, how much will you have accumulated by the end of the 35th year?

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