You want to buy a house within $3$ years, and you are currently saving for the down payment. You plan to save $$8,000$ at the end of the first year, and you anticipate that your annual savings

will increase by $5\%$ annually thereafter. Your expected annual return is $7\%.$ How much will you have for a down payment at the end of Year $3?$ Do not round intermediate calculations. Round

your answer to the nearest cent.

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