Save money for down payment on the new house

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You plan to buy a house in 12 years. You want to save money for a down payment on the new house. You are able to place $117 every month at the end of the month into a savings account at an annual rate of 14.20 percent, compounded monthly. How much money will be in the account after you made the last payment?

Reference no: EM131577408

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