To supplement your retirement in exactly 35 years, you estimate that you need to accumulate $250,000 by your retirement

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answerhappygod
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To supplement your retirement in exactly 35 years, you estimate that you need to accumulate $250,000 by your retirement

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To supplement your retirement in exactly 35 years, you estimate that you need to accumulate $250,000 by your retirement date. You plan to make equal deposits at the end of each of those 35 years into a mutual fund that promises you 10% compounded annually. Determine the amount of the annual deposits.
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