Planning on retiring to jamaica

Assignment Help Financial Management

Reference no: EM131860580

In fifteen years, you are planning on retiring to Jamaica. You have your eyes set on a house that currently costs $150,000. You expect the price of the house will increase in value by 5% per year. If you can earn 10% annually on your investments, how much must you invest at the end of each of the next 15 years to be able to afford your dream house at retirement?

Reference no: EM131860580

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