You want to buy a house within 3 years, and you are currently saving for the down payment. you plan to save $10,000 at the end of the first year, and you anticipate that your annual savings will increase by 5% annually thereafter. your expected annual return is 9%. how much will you have for a down payment at the end of year 3? do not round intermediate calculations. round your answer to the nearest cent.

It will have 34,351 available for a down payment at the end of Year 3

Explanation:

savings:

first year: 10,000

second year 10,000 + 5% = 10,000 x 1.05 = 10,500

third years   (10,000 + 5%) + 5% = 10,500  x 1.05 = 11,025

return on Invetment

The first saving will capitalize for two years at 9%

First year:  10,000.00

time            2.00

rate0.09

Amount11,881.00

The second savings will capitalize for one yeat at 9%

Second year:10,500.00

time1.00

rate0.09

Amount11,445.00

Total amount:

11,881 + 11,445 + 11,025 = 34,351

the answer is b. the events might happen and are based on crimes.

the answer is: guns or butter

hope i

-lavira : )