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how would i work this? lou want to retire 25 years from today and buy a peach house in Costa Rica. Today, those houses sell
how would i work this?
lou want to retire 25 years from today and buy a peach house in Costa Rica. Today, those houses sell for $265,000 and are expected to increase in price by 2.4% per year. To pay for the house, you will deposit a fixed amount of money at the end of each of thile next 25 years into an account that pays 8.9% interest annually. What is the amount of your annual deposit? Answer Format: Positive number rounded to 2 decimal places Step by Step Solution
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