In 10 years you are planning to retire and buy a house in Gold Coast, Queensland. The house you are looking at currently costs $1,000,000.

In 10 years you are planning to retire and buy a house in Gold Coast, Queensland.  The house you are looking at currently costs $1,000,000.00 and it is expected to increase in value each year at a rate of 5%. Assuming that you can earn 10% annually on your investments, how much must you invest at the end of each of the next 10 years to be able to buy your home when you retire?

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