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You want to buy a house within 3 years and you are currently saving for the down payment. you plan to save $8000 at the
You want to buy a house within 3 years and you are currently saving for the down payment. you plan to save $8000 at the end of tge year, and you anticipate that your annual saving will increase by 15% annually thereafter. you expected annual return is 5%. how much will you have for down payment at the end of year 3? do not round intermediate calculation. round your answer to the nearest cent.
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