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How much money will be in the account in three years

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Question - In order to accumulate enough money for a down payment on a house, a couple deposits $351 per month into an account paying 3% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 3 years? What is the amount in the account after 3 years?

Reference no: EM133144015

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