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You plan to purchase a house in five years. You expect that the down payment and closing cost will total $47,500 for a desired house.

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You plan to purchase a house in five years. You expect that the down payment and closing cost will total $47,500 for a desired house. Currently you have $23,500 in your savings' account, which pays you 2.4 percent per year, compounded monthly. How much should you put aside each month to save enough for the down payment and closing cost? $650.92$596.62$666.67$329.88

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