Question: You are saving for a downpayment on a house you plan to buy in 5 years. You plan to make $ 5 0 0 0

You are saving for a downpayment on a house you plan to buy in 5 years. You plan to make $5000 annual payments with the first payment today and last payment exactly 5 years from now (6 payments total). The interest rate is 11%. How much will you have saved for down payment?

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