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![Future \ value = Pmt[\frac{(1+r)^n-1}{r} ]\\\\Future \ value = 3,650[\frac{(1+0.05)^6-1}{0.05} ]\\\\Future \ value = 3,650[\frac{(1.05)^6-1}{0.05} ]\\\\Future \ value = 3,650[\frac{1.34-1}{0.05} ]\\\\Future \ value = 3,650[\frac{0.34}{0.05} ]\\\\Future \ value = 3,650[6.8]\\\\Future \ value = 24,820\\\\](/tpl/images/0543/2486/fec1f.png)
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In an attempt to have funds for a down payment in six years, James Dupont plans to save $3,650 a yea...
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