How much money will you have at the end of eight years

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You would like to invest for the next 8 years to fund a downpayment for your house in 8 years. You are able to deposit $800 every 3 months with the first deposit occurring 3 months from now. Your bank allows you to deposit at a rate of 9% APR with monthly compounding. How much money will you have at the end of 8 years?

Reference no: EM131442380

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