Save money for a down payment on the new house

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You plan to buy a house in 10 years. You want to save money for a down payment on the new house. You are able to place $406 every month at the end of the month into a savings account at an annual rate of 7.07 percent, compounded monthly. How much money will be in the account after you make the last payment? ROUND ANSWER TO TWO DECIMAL PLACES.

Reference no: EM13890094

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Save money for a down payment on the new house : You plan to buy a house in 10 years. You want to save money for a down payment on the new house. You are able to place $406 every month at the end of the month into a savings account at an annual rate of 7.07 percent, compounded monthly. How much mon..

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