You are planning to purchase a farmhouse in the Gippsland area, as the current property prices are increasing steadily. You have a plan to move in 5 years and the current price of the property is...

You are planning to purchase a farmhouse in the Gippsland area, as the current property prices are increasing steadily. You have a plan to move in 5 years and the current price of the property is $175000 and according to the current market data the property value is expected to increase by 3% each year. Assume that you can earn 8% from this investment and how much you must invest at the end of each of the next 5 years to reach

your goal?