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Mark wants to save money for a down payment on a house that he wants to buy in 5 years. He starts with $ 2

Mark wants to save money for a down payment on a house that he wants to buy in

5

years. He starts with $

2000

in an investment account and adds $

125

each month. He chooses an investment type that compounds once a month and averages

5 %

interest. How much money will he have in

5

years?

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