Question: A couple wants to save up for a down payment on a house in 5 years. They plan to save $1,000 per month and deposit

A couple wants to save up for a down payment on a house in 5 years. They plan to save $1,000 per month and deposit it into an investment account that earns an annual interest rate of 6%. If they make monthly deposits, how much will their investment account be worth in 5 years?

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