You want to buy a house within 3 years, and you are currently saving for...
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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 48,000 at the end of the first year, and you anticipate that your annual savings will increase by 10% annually thereafter. Your expected annal retum is 120\%. How much will you have for a down parment at the end of Year a? Do not round intermediste calculations. Round your answer to the nearest cent
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