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1 2 3 4 (Annuity payments) You plan to retire in 7 years and buy a house in Oviedo, Florida. The house you are looking

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(Annuity payments) You plan to retire in 7 years and buy a house in Oviedo, Florida. The house you are looking at currently costs $80,000 and is expected to increase in value each year at a rate of 3 percent. Assuming you can earn 15 percent annually on your investments, how much must you invest at the end of each of the next 7 years to be able to buy your dream home when you retire? a. If the house you are looking at currently costs $80,000 and is expected to increase in value each year at a rate of 3 percentwhat will the value of the house be when you retire in 7 years? $ (Round to the nearest cent)

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