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You want to save for a new house and plan to put $8,000 in the bank to use as a down payment on a house

You want to save for a new house and plan to put $8,000 in the bank to use as a down payment on a house that you will buy in 5 years. The bank will pay you 6% compounded annually. How much will you have in 5 years for youre the down payment on your new house? (Must Show work Use of financial calculator is not permitted) Please show formula and step by step

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