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Landon and Sarah are purchasing a home. They wish to save money for 7 years and purchase a house that has a value of $195,000

Landon and Sarah are purchasing a home. They wish to save money for 7 years and purchase a house that has a value of $195,000 with cash. They deposit money into an account paying 10.5% interest.

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How much money did they deposit into the account in all?

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