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annual savings wilt uncrease by 10% annualy thereater. Your expected annual return is 11%. How much will you have for a down payment at the

annual savings wilt uncrease by 10\% annualy thereater. Your expected annual return is 11%. How much will you have for a down payment at the end af Year 3 ? Do not round intermediote calculations. Hound your answer to the nearest cent. 3

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