Question: Problem 9-6 Saving for a Down Payment (LO9-4] In an attempt to have funds for a down payment, Jan Carlson plans to save $3,500 a

Problem 9-6 Saving for a Down Payment (LO9-4] In an attempt

Problem 9-6 Saving for a Down Payment (LO9-4] In an attempt to have funds for a down payment, Jan Carlson plans to save $3,500 a year for the next five years. With an interest of 3 percent, what amount will Jan have available for a down payment after the five years? Use Exhibit 1.B. (Round time value fac 3 decimal places and final answer to 2 decimal places.) Down payment BOOK

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