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Alex and Carrie want to purchase a house. Suppose they invest 300 dollars per month into a mutual fund, How much will they have for

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Alex and Carrie want to purchase a house. Suppose they invest 300 dollars per month into a mutual fund, How much will they have for a downpayment after 9 years if the per annum rate of return of the mutual fund is assumed to be 11 percent compounded monthly

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