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you plan to buy a new house in 13 years you want to save money for...

you plan to buy a new house in 13 years you want to save money for a downnpayment on the new house you are able to
place $394 every month at the end of the month into a savings account at an annual tate of 13.46percent compounded monthly how much money will be in the account after you made the last payment
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Answer #1

Amount available after making the last payment= $165,012.16

Calculated as future valuie of annuity as follows:

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