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You currently have $20,000 in your savings account. In addition, starting today, you plan on saving $7,500 a month for the next two years so

You currently have $20,000 in your savings account. In addition, starting today, you plan on saving $7,500 a month for the next two years so you can meet the down payment for a house. If your bank offers you a rate of 2% monthly compounded, how much money will you have after exactly 2 years?

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