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You are going to retire in 10 years, and you are planning on buying a house in Howard, Maryland. Answer the following questions a. If
You are going to retire in 10 years, and you are planning on buying a house in Howard, Maryland. Answer the following questions a. If the cost of the house is $100,000 and will be increasing in value each year at a rate of 6 percent, what will the house's value when you retire in 10 years? (Round to the nearest cent.) b. If you can earn an annual return of 9 percent on your investment, how much must you invest at the end of each of the next 10 years to be able to buy the house when you retire? $ (Round to the nearest cent.)
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