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3. You want to buy a house within 4 years, and you are currently saving for the down payment. You plan to save $5,000 at

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3. You want to buy a house within 4 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 (money that you save each year) will increase by 10% annually thereafter [Yearl=5,000, Year2=5,000*1.1, so on). Your expected annual return of your savings each year is 7% How much will you have for the down payment at the end of Year 42 [10 points]

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