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OpenStudy (anonymous):
Missy knows that she needs $40,000 for a down payment on a house. She found an investment that earns 3.05% interest compounding monthly. She would like to purchase the home in 5 years. How much should she put in the account now to ensure she has her down payment? $8,872.33 $27,770.97 $46,580.69 $34,349.00
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