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A firm will start depositing $ 1 0 , 1 9 8 per month, starting one month from today, into an account expected to earn

A firm will start depositing $

10, 198

per month, starting one month from today, into an account expected to earn

7.80 %

APR compounded monthly. What will be the future value of these deposits after the

24

th deposit,

2

years from today?

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