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Your parents are planning to retire in Phoenix, AZ in 20 years. Currently, the typical house that pleases your parents costs $200,000, but they expect

Your parents are planning to retire in Phoenix, AZ in 20 years. Currently, the typical house that pleases your parents costs $200,000, but they expect inflatio a rate of 4% per year over the next 20 years. n to increase the price of the house at What would be the price of the house in 20 years? a. b. To buy a house upon retirement, what must they save each year in equal annual end-of- year deposits if they can earn 1 0% annually

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