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Your parents are planning to retire in Phoenix, AZ in 20 yea

Thesis Help Finance Your parents are planning to retire in Phoenix, AZ in 20 yea

Finance

Your parents are planning to retire in Phoenix, AZ in 20 yea

Your parents are planning to retire in Phoenix, AZ in 20 years. Currently, the typical house that pl… Show more 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 inflation to increase the price of the house at a rate of 4% over the next 20 years. To buy a house upon retirement, what must they save each year in equal annual end of year deposits if they can earn 10% annually. • Show less

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