FV of uneven cash flow You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $5,000 at the end of the first year, and you anticipate that your annual savings will increase by 10 percent annually thereafter. Your expected annual return is 7 percent. How much would you have for a down payment at the end of Year 3?
The post Saving appeared first on My Assignment Online.