Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $145,000. Inflation is expected to cause this price to increase at 4% per year over the 25...

Extracted text: Accumulating a growing future sum Personal Finance Problem A retirement home at Deer Trail Estates now costs $145,000. Inflation is expected to cause this price to increase at 4% per year over the 25 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 25 years from now? The equal, annual end-of-year deposit to be made each year into the account is $ (Round to the nearest cent.)