You want to buy a house within 3 years, and you are currently saving for the...
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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 $8886 at the end of the first year, and you anticipate that your annual savings will increase by 3.5% annually thereafter. Your expected annual return is 5.2%. How much will you have for a down payment at the end of Year 3? Round your answer to 2 decimal places. You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $8886 at the end of the first year, and you anticipate that your annual savings will increase by 3.5% annually thereafter. Your expected annual return is 5.2%. How much will you have for a down payment at the end of Year 3? Round your answer to 2 decimal places.
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