Average rate of return - down payment, Finance Basics

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1. Determine what is the future value of $20 a week for 10 (ten) years at 6 percent interest? Assume the first payment takes place at the end of this week.

2. Kristina started setting aside funds 3 years ago for the reason to save for a down payment on a house. She has saved $900 every quarter and earned an average rate of return of 4.8 percent. Calculate How much money does she currently have saved for her down payment?

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