Homework: Chapter 5 H W Score: 8.33%, 3 of 36... Score: 0 of 2 pts 10 of 18 (4 complete) Problem 5-25 (similar to) Question Help (Future value of an annuity) In 8 years you are planning on retiring and buying 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 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 8 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 5 percent, what will the value of the house be when you retire in 8 years? (Round to the nearest cent.) Enter your answerin the answer box and ther click Creck