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(Nonannual compounding using a calculator) Hank Schrader plans to invest $300 at the end of each month for 6 years into an account with an

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(Nonannual compounding using a calculator) Hank Schrader plans to invest $300 at the end of each month for 6 years into an account with an APR of 9.3 percent compounded monthly. He will use this money as a down payment on a new home at the end of the 6 years. How large will his down payment be 6 years from today? After 6 years, Hank will have $ (Round to the nearest cent.)

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