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In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1,200 per month, starting one month from now,
In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1,200 per month, starting one month from now, into a fixed rate account that pays 8% per year compounded quarterly. How much will be in the account at the end of 18 years? At the end of 18 years, the account will be $[
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