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They know that they must save enough money for a 1 0 % down payment on the $ 2 5 0 , 0 0 0

They know that they must save enough money for a 10% down payment on the $250,000 house in order to get a good interest rate on their loan. How much will Sam and Sally need to deposit at the beginning of each month into an account that earns 6.5% per annum compounded monthly so that they will have enough money to pay the down payment in 4 years?

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