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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 are looking

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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 are looking at currently costs $90,000 and is expected to increase in value each year at a rate of 5 percent. Assuming you can earn 12 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 $90,000 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? $ 139619.54 (Round to the nearest cent.) b. Assuming you can earn 12 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? $ (Round to the nearest cent.)

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