2-23 FV for uneven cash flow: You want to buy a house within 3 years, and you are currently saving for the down payment.

2-23 FV for 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 $5000 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?

 

File name: 2-23-FV.doc File type: application/msword Price: $2