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Lola has been saving money to buy a house since she was a teenager. She currently has $23,560 in a savings account that earns 1.05%

  1. Lola has been saving money to buy a house since she was a teenager. She currently has $23,560 in a savings account that earns 1.05% APR compounded monthly. She has a goal of having a $50,000 down payment in 3 more years. How much does she need to save each month to reach her goal?
  2. $663.32
  3. $700.01
  4. $655.56
  5. $702.64

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