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In 10 years you plan to retire and buy a house in Florida.

The house you are looking at currently costs 100,000 and the price is expected to increase in value each year at a rate of 5%.

Assuming you can earn 10% annually on you investments, how much must you invest at the end of each of the next 10 years to be able to buy your dream home when you retire? Using financial calculator.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92748900

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