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Business, 13.09.2019 03:30 ella9288

You want to buy a house within 3 years, and you are currently saving for the down payment. you plan to save $10,000 at the end of the first year, and you anticipate that your annual savings will increase by 5% annually thereafter. your expected annual return is 9%. how much will you have for a down payment at the end of year 3? do not round intermediate calculations. round your answer to the nearest cent.

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