In an attempt to have funds for a down payment in five years, Jan Carlson plans to

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In an attempt to have funds for a down payment in five years, Jan Carlson plans to save $3,000 a year for the next five years.

With an interest rate of 4 percent, what amount will Jan have available for a down payment after the five years? (Obj. 3)

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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