Being an independent and successful entrepreneur, your $\{A\}$ year plan includes purchasing a home but you need to save for a down payment first. You deposit $$\{B\}$ into your savings account at the beginning of every $\{C\}$ for the next $\{A\}$ years at $\{D\}\%$ compounded $\{E\}.$ What is the size of the down payment saved?

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$\{A\}=$ two

$\{B\}=$$$1,200$

$\{C\}=$ three months

$\{D\}=9\mathrm{.}75\%$

$\{E\}=$ annually