How much money will in account after you made last payment, Finance Basics

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How much money will in account after you made last payment

Problem

You plan to buy a house in 7 years. You want to save money for a down payment on the new house. You are able to place $123 every month at the end of the month into a savings account at an annual rate of 8.66 percent, compounded monthly. How much money will be in the account after you made the last payment?

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Finance Basics: How much money will in account after you made last payment

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