Money will be in account after you made last payment

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Reference no: EM131321721

You plan to buy a house in 8 years. You want to save money for a down payment on the new house. You are able to place $407 every month at the end of the month into a savings account at an annual rate of 12.17 percent, compounded monthly. How much money will be in the account after you made the last payment?

Reference no: EM131321721

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