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You plan to buy a house in 7 years. You want to save money for a down payment on the new house. You are able

You plan to buy a house in 7 years. You want to save money for a down payment on the new house. You are able to place $123 every month at the end of the month into a savings account at an annual rate of 8.66 percent, compounded monthly? How much money will be in the account after you made the last payment? 

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