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To supplement your​ retirement, you estimate that you need to accumulate ​$270,000 exactly 35 years from...

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Finance

To supplement your​ retirement, you estimate that you need toaccumulate ​$270,000 exactly 35 years from today. You plan to make​equal, end-of-year deposits into an account paying  11% annualinterest. a.  How large must the annual deposits be to create the​$270,000 fund by the end of 3535 ​years? b.  If you can afford todeposit only ​$660 per year into the​ account, how much will youhave accumulated in 35 ​years?

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