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As a business student, you understand the power of compound interest. You have a 1 0 - year plan which includes purchasing a home with

As a business student, you understand the power of compound interest. You have a 10-year plan which includes purchasing a home with a down payment in cash. To save for the down payment, you deposit $250 into your savings account at the end of every month for the next 10 years at 3.21% interest compounded monthly. What is the size of the down payment you have saved up?

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