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you are saving $5,000 a month in a money fund to pay for some science equipment...

you are saving $5,000 a month in a money fund to pay for some science equipment that will cost $400,000 five years from now. If the interest rate is 0.5% per month, how much additional funds will be needed to pay for the equipment.

1- $48,239

2- $51,150

3- $25,070

4- $59, 750

5- none of the above

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