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You want to buy a car within 3 years, and you are currently saving for the down payment.you plan to save AED 10,000 at the

You want to buy a car within 3 years, and you are currently saving for the down payment.you plan to save AED 10,000 at the end of the first year, and you anticipate that your annual savings will increase by 10% annually thereafter. Your expected annual return is 7%. How much will you have for a down payment at the end of the year 3?

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