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number 8 8) You are planning to make monthly deposits of $190 into a retirement account that pays 11 percent interest compounded monthly. If your

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8) You are planning to make monthly deposits of $190 into a retirement account that pays 11 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 20 years? A) $117,140 B) $104,239 C) $129,471 D) $164,471.23 E) $123,305 9) Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you

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