Question: In 1 5 1 5 years you are planning on retiring and buying a house in Oviedo, Florida. The house you are looking at currently

In 1515 years you are planning on retiring and buying a house in Oviedo, Florida. The house you are looking at currently costs $110 comma 000110,000 and is expected to appreciate 55 percent each year. Assuming you can earn 1111 percent annually on your investments, how much must you invest at the end of each of the next 1515 years to be able to buy this house when you retire?

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