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What is the amount in the account after seven years

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Reference no: EM132841181

Problem 1: In order to accumulate enough money for a down payment on a house, a couple deposits $422 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 7 years?

Problem 2: What is the amount in the account after 7 years?

Reference no: EM132841181

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