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If you want to save $50,000 for a down payment on a home in 6 years, assuming an interest rate of 3.8 percent compounded annually,

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If you want to save $50,000 for a down payment on a home in 6 years, assuming an interest rate of 3.8 percent compounded annually, how much money do you need to save each month? (Round to the nearest dollar.) A. $694 B. $631 C. $621 D. $643

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