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April 16, 2014

Homework Help: finance

Posted by nneka on Thursday, September 11, 2008 at 12:34am.

can anyone help me set up this problem bc im totally lost....

if a house = $125,000 you want to buy this house in 10 years its expected to increase 5% a year over a 10 year period assuming you can earn 10% annually on investment. how much should you invest at the end of each of the next 10 years to be able to buy that house?

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