Calculating the future value of an annuity
A home costs $350,000. Inflation is expected to be 5% (percent) per year over the next 20 years. How large an equal annual end-of-year deposit must be made into an account paying an interest of 13% in order to buy the house at the end of 20 years ________
$11,471, $4,323, $79,977, or $17,350
please answer & show work – thanks!!!