Question: In an attempt to have funds for a down payment in three years, James Dupont plans to save $4,700 a year for the next three

In an attempt to have funds for a down payment in three years, James Dupont plans to save $4,700 a year for the next three years. With an interest rate of 4 percent, what amount will James have available for a down payment after the three years? (Round FVA factor to 3 decimal places and final answer to 2 decimal places)

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