You plan to buy a house in 11 years. You want to save money for a down
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Question:
You plan to buy a house in 11 years. You want to save money for a down payment on the new house. You are able to place $476 every month at the end of the month into a savings account at an annual rate of 7.42 percent, compounded monthly. How much money will be in the account after you made the last payment?
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