FV OF UNEVEN CASH FLOW Youwant to buy a housewithin 3 years, and you are currently saving
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FV OF UNEVEN CASH FLOW Youwant to buy a housewithin 3 years, and you are currently saving for the down payment. You plan to save $5,000 at the end of the first year, and you anticipate that your annual savings will increase by 10% annually thereafter. Your expected annual return is 7%. How much will you have for a down payment at the end of Year 3?
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Related Book For 
Fundamentals Of Financial Management Concise Edition
ISBN: 9781285065137
8th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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