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The Jones want to save $70,000.00 in 7 years for a down payment on a...

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Accounting

The Jones want to save $70,000.00 in 7 years for a down payment on a house. If they make monthly deposits in an account paying 4% compounded monthly, what is the size of the payments that are required to meet their goal? The monthly payments are $. (Round to 2 decimal places.)

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