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Business, 26.02.2020 01:46 pandamarz

11. Future Value of Uneven Cash Flow: You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $5,000 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 Year 3?

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