(Future value of an annuty) In 8 years you are planning on retiring and buying a house in Ovindo, Flonida. The house you are looking at currently costs $130,000 and is expectod to increase in volue each year at a rate of 3 percent. Assuming you can eam 8 percent annually on your investments, how much must you invest at the enc d esch of the next 8 years to be able to buy your dream home whon you retire? a. If the house you are looking at currently conts $130,000 and is expected to increase in value each year at a rate of 3 percent, what wit the walue of the hoise be when you retire in 8 years? (Round to the nearest cont.) b. Assuming you can eam 8 percent annually on your investments, how much must you inwest at the end of each of the next 8 years to be able to buy your dieam home when you retire? (Round to the nearest cent.)