In order to accumulate enough money for a down payment on ahouse, a couple deposits $381 per
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Question:
In order to accumulate enough money for a down payment on ahouse, a couple deposits $381 per month into an account paying 3% compounded monthly. If payments are made at the end of eachperiod, how much money will be in the account in 4 years?
What is the amount in the account after 4 years?
$______________
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