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In an attempt to have funds for a down payment in three years, James Dupont plans to save $3,950 a year for the next three

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In an attempt to have funds for a down payment in three years, James Dupont plans to save $3,950 a year for the next three years. With an interest rate of 4 percent, what amount will James have available for a down payment after the three years? Use Exhibit f. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.)

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