You just inherited$100,000 from your greatgrandfather, and your are looking to put some of this money into a savings account.

The money you put into the savings account will be used to make a deposit on your"dream house"; you plan on making this deposit and buying this house twenty years from now.

Currently, the deposit on your"dream house" is$80,000 and you expect the amount of this deposit to increase by3% per year due to inflations and other factors.

The savings account where you will put your money offers you an annual interest rate of5% per year.

How much money do you need to put into the savings account today to have enough for the house deposit twenty years fromnow?

Please write an answer as a wholenumber, without a dollar sign infront, rounded to the nearest dollar.

You just inherited $100,000 from your great grandfather, and your are looking to put some of this money into a savings account. The money you put into the savings account will be used to make a deposit on your "dream house"; you plan on making this deposit and buying this house twenty years from now. Currently, the deposit on your "dream house" is $80,000 and you expect the amount of this deposit to increase by 3% per year due to inations and other factors. The savings account where you will put your money offers you an annual interest rate of 5% per year. How much money do you need to put into the savings account today to have enough for the house deposit twenty years from now? Please write your answer as a whole number, without a dollar sign in front. rounded to the nearest dollar. D