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

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.