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You plan to buy a house in 6 years. you want to save money for a down payment on the new house.

You are able to place $256 every month at the end of the months into a savings account at an annual rate 6.67% compounded monthly.

How much money will be in the account after you made the last payment?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91976584

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