1.In order to accumulate enough money for a down payment on a​ house, a couple deposits $656 per month into an account p

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answerhappygod
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1.In order to accumulate enough money for a down payment on a​ house, a couple deposits $656 per month into an account p

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1.In order to accumulate enough money for a down payment on
a​ house, a couple deposits $656 per month into an account
paying 3% compounded monthly.​ (a) If payments are made at the
end of each​ period, how much money will be in the account in
5 ​years? (b) How much interest will be earned during the 5 ​years?
(c) Prepare a table showing the balance and interest for the first
three months.
​(a) Type the amount in the account.
​(b) How much interest will be earned during the 4 ​years?
​(c) Prepare a table showing the balance and interest for the
first three months.
Month
Interest
Balance
1
656
2
3
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