Question: In order to accumulate enough money for a down payment on ahouse, a couple deposits $381 per month into an account paying 3% compounded monthly.

In order to accumulate enough money for a down payment on ahouse, a couple deposits $381 per 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 4 years?

What is the amount in the account after 4 years?

$______________

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