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Bill plans to deposit $170 into a bank account at the end of every month (first deposit will be made one month from today). The

Bill plans to deposit $170 into a bank account at the end of every month (first deposit will be made one month from today). The bank account has a nominal interest rate of 24 percent and interest is compounded monthly. How much will Bill have in the account at the end of 2 years (30 months)?

A.

$ 6,517.8

B.

$ 6,957.0

C.

$ 6,896.6

D.

$ 7,082.4

E.

$ 6,660.6

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