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wants to buy a house in 3 years and she is currently saving for the down payment. She plans to e $5,000 at the end
wants to buy a house in 3 years and she is currently saving for the down payment. She plans to e $5,000 at the end of Year 1. Given her future income, she estimates her annual savings will rease by 20% annually thereafter. She expects to earn an annual rate of return of 8%. Find how much she plans to deposit in her account in Year 2 and Year 3. Show your calculations. Round wo decimal places. ind how much she will have in total in her account 3 years from today. Show your calculations. Round wo decimal places
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