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If you want to save $ 4 0 , 0 0 0 for a down payment on a home in five years, assuming an interest

If you want to save $40,000 for a down payment on a home in five years, assuming an interest rate of 4.5 percent compounded annually, how much money do you need to save at the end of each month?
Question 13Select one:
a.
$622
b.
$609
c.
$597
d.
$666

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