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In 1 1 years you are planning on retiring and buying a house in Oviedo, Florida. The house you are looking at currently costs $
In years you are planning on retiring and buying a house in Oviedo, Florida. The house you are looking at currently costs $ comma and is expected to appreciate percent each year. Assuming you can earn percent annually on your investments, how much must you invest at the end of each of the next years to be able to buy this house when you retire?
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a If the house you are looking at currently costs $ comma and is expected to appreciate percent each year, what will the value of the house be when you retire in years
$
Round to the nearest cent.
b Assuming you can earn percent annually on your investments, how much must you invest at the end of each of the next years to be able to buy this house when you retire?
$
Round to the nearest cent.
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