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Finance 330- you are able to place 314 every month at the

Question: FV and PV of annuity non-annually

You plan to buy a house in 4 years. You want to save money for a down payment on the new house. You are able to place $314 every month at the end of the month into a savings account at an annual rate of 11.58 percent, compounded monthly. How much money will be in the account after you made the last payment?

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Finance Basics: Finance 330- you are able to place 314 every month at the

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