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In 10 years, you plan to retire and buy a house in Marco Island, Florida. The house you are looking at currently costs $125,000 and

In 10 years, you plan to retire and buy a house in Marco Island, Florida. The house you are looking at currently costs $125,000 and is expected to increase in value each year at a rate of 5%. Assuming you can earn 10% annually on your investment, how much must you invest at the end of each of the next 10 years to be able to buy your dream home when you retire?

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$20,361

$12,776

$25,777

$16,188

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