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( Future value of an annuity ) In 9 years, you are planning on retiring and buying a house in Oviedo, Florida. The house you

(Future value of an annuity) In 9 years, you are planning on retiring and buying a house in Oviedo, Florida. The house you are looking at currently costs $150,000 and is expected to increase in value
each year at a rate of 5 percent. Assuming you can earn 9 percent annually on your investments, how much must you invest at the end of each of the next 9 years to be able to buy your dream home
when you retire?
a. If the house you are looking at currently costs $150,000 and is expected to increase in value each year at a rate of 5 percent, what will the value of the house be when you retire in 9 years?
(Round to the nearest cent.)
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