A beach house in Southern California now costs $900,000. Inflation is expected to cause this price to increase at 5 percent per year over the next 20 years which is when Eric and Karinna plan to retire and buy the house. if they start making equal end of year payments into an investment account earning 13 percent how much they invest each year to accumulate enouhh to buy the house in 20 years

- $8,645

- $22,945

- $34,700

- $159,954