Question: Sarah found her dream lakefront home valued at $250,000. She plans to buy a home just like it when she retires in 15 years. Sarah

Sarah found her dream lakefront home valued at $250,000. She plans to buy a home just like it when she retires in 15 years. Sarah can earn 11% per year on her investments. The price of the house will increase 3% per year for the next 15 years. How much must she invest at the end of each of the next 15 years to finance the purchase? $12,565.95 $10,198.81 3 $7,266.31 $11,320.67 $8,952.82

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