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Joe opens a retirement account with a deposit of 1540 dollars. Each year, he makes another deposit that is 4.1 percent larger than the one

Joe opens a retirement account with a deposit of 1540 dollars. Each year, he makes another deposit that is 4.1 percent larger than the one from the previous year. If the account pays a nominal rate of interest of 8.7 percent convertible monthly, how much will he have immediately after the 18th deposit?

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