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In order to accumulate enough money for a down payment on a house, a couple deposits of $607 per month into an account paying 6%
In order to accumulate enough money for a down payment on a house, a couple deposits of $607 per month into an account paying 6% compounded monthly. If the payment are made at the end of each period, how much money will be in the account in 6 years?
The answer is 52,450!! but I want to see how to set up this problem and solve it
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