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The Weidmans want to save $50,000 in 4 years for a down payment on a house. If they make monthly deposits in an account paying

The Weidmans want to save $50,000 in 4 years for a down payment on a house. If they make monthly deposits in an account paying 12%, compounded monthly, what is the size of the payments that are required to meet their goal? (Round your answer to the nearest cent.)

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