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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 11 years you are planning on retiring and buying a house in Oviedo, Florida. The house you are looking at currently costs $90 comma 000 and is expected to appreciate 4 percent each year. Assuming you can earn 9 percent annually on your investments, how much must you invest at the end of each of the next 11 years to be able to buy this house when you retire?
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Part 1
a. If the house you are looking at currently costs $90 comma 000 and is expected to appreciate 4 percent each year, what will the value of the house be when you retire in 11years?
$
(Round to the nearest cent.)
b. Assuming you can earn 9 percent annually on your investments, how much must you invest at the end of each of the next 11 years to be able to buy this house when you retire?
$
(Round to the nearest cent.)

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