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You plan to buy a house in Riverside, CA in two years. You have $10,000 in a saving account today and will deposit $5,000 at
You plan to buy a house in Riverside, CA in two years. You have $10,000 in a saving account today and will deposit $5,000 at the end of year 1, $6,000 at the end of year 2, and $4,000 at the end of year 3. How much will you have for down payment at the end of the second year? Assume r = 10%.
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