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In an attempt to have funds for a down payment on a house, Sue Smith plans to save $3,300 a year for the next five
In an attempt to have funds for a down payment on a house, Sue Smith plans to save $3,300 a year for the next five years (Series of Deposits or Annuity). With an interest rate of 8 percent, what amount will Sue have available for a down payment after five years. You can use your TVM financial calculator or the Future Value Tables. DO NOT PLACE ANY SYMBOLS ('$') IN THE ANSWER FIELD.
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