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Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $185,000 Inflation is expected to cause this price to increase at 6% per year over the 20 years before C. L. Donovan retires. If Donovan earns 10% on his investments, ow large must an equal, end-of-year deposit must be to provide the cash needed to buy the home 20 years from now?

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