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1.Your housekeeping Manager has $ 22,500 on deposit today in his retirement account which offers 4.2% per annum nominal interest compounded monthly. He will also

1.Your housekeeping Manager has $ 22,500 on deposit today in his retirement account which offers 4.2% per annum nominal interest compounded monthly. He will also deposit $ 175 per month in another account paying 5% nominal return per year compounded monthly. If he retires in 26 years, how much will he receive in total from this account?

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