Future value down payment

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Reference no: EM131983015

In an attempt to have funds for a down payment in seven years, James Dupont plans to save $4,300 a year for the next seven years. With an interest rate of 6 percent, what amount will James have available for a down payment after the seven years? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)

Future value down payment $

Reference no: EM131983015

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