You would like to have 47436 for the down payment on a, Financial Management

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You would like to have 47436 for the down payment on a

You would like to have $47,436 for the down payment on a house you plan to buy five years after you graduate. If your investments earn 4.9% APR compounded monthly, how much do you have to invest each month, starting next month, to meet your investment goal? Calculate your answer to the nearest penny.

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