Accumulating a growing future sum A retirement home at DeerTrail Estates now costs $ 182 comma 000.

Accumulating a growing future sum A retirement home at DeerTrail Estates now costs $ 182 comma 000. Inflation is expected tocause this price to increase at 4​% per year over the 17 yearsbefore C. L. Donovan retires. How large an equal annual​end-of-year deposit must be made each year into an account payingan annual interest rate of 11​% for Donovan to have the cash topurchase a home at​ retirement? . . .

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