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You are trying to save up for a downpayment on a home and you need $ 5 5 , 0 0 0 to cover closing

You are trying to save up for a downpayment on a home and you need $55,000 to cover closing costs and the down payment. You can save $975 per month for the house and put it in your savings account that has a 7.65% interest rate with monthly compounding. How many months of these deposits are necessary before the account hits $55,000.

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