Question: Mark plans to save $200 every month for the next five years so that he will have money for a down payment on a house.

Mark plans to save $200 every month for the next five years so that he will have money for a down payment on a house. If he can earn 1% interest per month, how much will he have saved by the end of five years? He will make the first payment one month from now

1,020

1271

16497

16334

12000

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