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In 7 years Harry and Sally would like to have $16,000.00 for a down payment...

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Accounting

In 7 years Harry and Sally would like to have $16,000.00 for a down payment on a house. How much should they deposit each month into an account paying 5% compounded monthly?---------------- (Note: The answer is a dollar amount, should have a dollar sign, and should be accurate to two decimal places).

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