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Business, 24.07.2021 23:30 maddigrace3

7. A retirement home at Kangaroo Park Estates now costs $85000. Inflation is expected to cause this price to increase at 6 percent per year over the 20 years before Sam 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 10 per cent in order for Sam to have the cash to purchase a home at retirement?

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7. A retirement home at Kangaroo Park Estates now costs $85000. Inflation is expected to cause this...
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