n 5 years, you are planning on retiring and buying a house inOviedo, Florida. The house you are looking at currently costs$80,000 and is expected to increase in value each year at a rate of 3 percent. Assuming you can earn 9 percent annually on yourinvestments, how much must you invest at the end of each of the next 5 years to be able to buy your dream home when youretire?

a. If the house you are looking at currently costs $80,000 and is expected to increase in value each year at a rate of 3 percent, what will the value of the house be when you retire in 5 years?

b-Assuming you can earn 9 percent annually on your investments, how much must you invest at the end of each of the next 5 years to be able to buy your dream home when you retire?