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0/0.25 pts Incorrect Question 8 For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much

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0/0.25 pts Incorrect Question 8 For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much will you have at the end of 10 years if the bank pays 3 % annually, compounded monthly? Enter your answer as follow: 123456, do not use "$ or 939960 Hint: Draw a CFD What type of cash flow do we have? Linear or geometric gradient? For the interest rate, is the compounding frequency the same as the cash flow frequency? Remember that the interest compounding frequency must match the cash flow frequency How many cash flow are there? Le, what is your n value

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