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You plan to retire in 6 years and buy a house in Oviedo, Florida. The house you are looking at currently costs $150,000 and is
You plan to retire in 6 years and buy a house in Oviedo, Florida. The house you are looking at currently costs $150,000 and is expected to increase in value each year at a rate of 4 percent. Assuming you can earn 13 percent annually on your investments, how much must you invest at the end of each of the next 6 years to be able to buy your dream home when you retire?
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