Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $ 191 comma 000. Inflation is expected to cause this price to increase at 6 % per year over the 17 years before C. L. Donovan retires. If Donovan earns 9 % on his investments, ow large must an equal, end-of-year deposit must be to provide the cash needed to buy the home 17 years from now?
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