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How much will you accumulate if you deposit $100 each month for 10 years into an account earning 8.4% APR? Remember: assume that payments occur
How much will you accumulate if you deposit $100 each month for 10 years into an account earning 8.4% APR? Remember: assume that payments occur at the end of each period (ordinary annuity) unless told otherwise, and compounding occurs with the same frequency as payments. $14,418.57 $15,363.20 $16,387.93 $17,500.30 18,708.55
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