Question: In order to accumulate enough money for a down payment on a house, a couple deposits $ 505 per month into an account paying 3

In order to accumulate enough money for a down payment on ahouse, a couple deposits $ 505per month into an account paying 3% compounded monthly. If payments are made at the end of eachperiod, how much money will be in the account in 7 years? What is the amount in the account after 7 years? $_____(Round to the nearest cent asneeded.)

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