Homework: Chapter 5 Homework Save Score: 0 of 2 pts 7 of 16 (6 complete) HW Score: 32.86%, 23 o.. Problem 5-25 (similar to) Quesetion Help Future value of an annuity) In 14 years you are planning on retiring and buying a house in Oviedo, Florida. The house you are looking at currently costs $110,000 and is expected to increase in value each year at a rate of 2 percent. Assuming you can eam 11 percent annually on your investments, how much must you invest at the end of each of the next 14 years to be able to buy your dream home when you retire? a. If the house you are looking at currently costs $110,000 and is expected to increase in value each year at a rate of 2 percent, what will the value of the house be when you retire in 14 years? 1 (Round to the nearest cent.) EAr 9Ae 233 2333 Enter your answer in the answer box and then click Check Answer remaining Clear All Check Answer 13 esc F2 F3 F4