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5) Craig is saving a money to buy a house in Daly City. He needs $160,000 as a down payment to buy a 800,000 housein

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5) Craig is saving a money to buy a house in Daly City. He needs $160,000 as a down payment to buy a 800,000 housein 5 years. He decides to make a deposit at the of every month into an account that pays 4.5% compounded monthly How much does he need to deposit in to this account every month in order to have $160,000 after 5 years

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