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Tom just won a lottery. he plans to create a money market certificate in a bank to prepare a down payment for a house $400,000.
Tom just won a lottery. he plans to create a money market certificate in a bank to prepare a down payment for a house $400,000. The down payment is 20% of the house price, and the current five-year APY is 3.25%. How much should you put in the money market certificate account to accumulate the down payment?
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