Question: Asphine already has $15,500 saved for a down payment for a house and she plans to save another $400 at the end of each month

Asphine already has $15,500 saved for a down payment for a house and she plans to save another $400 at the end of each month for the next three years. If she earns 8.4% compounded monthly how large will her down payment be in three years?

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