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Question text You want to buy a house within 4 years, and you are currently saving...

Question text You want to buy a house within 4 years, and you are currently saving for the down payment. You plan to save $8,000 at the end of the second year, and you anticipate that your annual savings will increase by 7% annually thereafter. Your expected annual return is 8%. How much will you have for a down payment at the end of year 4?

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