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A couple plans to save $550 per month for the next 7 years for a down payment on a house. If the couple can earn

A couple plans to save $550 per month for the next 7 years for a down payment on a house. If the couple can earn a APR of 4.5% in their savings/investments, how much money will they have for the down payment?

A. $52,926

B. $54,743

C. $71,747

D. $54,186

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