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ences You are planning to make monthly deposits of $110 into a retirement account that pays 8 percent interest compounded monthly. If your first deposit

ences You are planning to make monthly deposits of $110 into a retirement account that pays 8 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 28 years?
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You are planning to make monthly deposits of $110 into a retirement account that pays 8 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 28 years? Multiple Choice $125,847.26 $130,474.99

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