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At the end of 8 years, you want to have $50,000 saved for a down payment on a house. You expect to earn 8%-compounded monthly-on

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At the end of 8 years, you want to have $50,000 saved for a down payment on a house. You expect to earn 8%-compounded monthly-on your investment over the next 8 years. How much would you have to put in your investment account each month to reach your goal? $188.00 $521.00 302.50 $392.15 $373.50

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