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Richard Thomason makes monthly deposits of $420 at the end of each month into a retirement account in the Northwest Bank that pays an APR
Richard Thomason makes monthly deposits of $420 at the end of each month into a retirement account in the Northwest Bank that pays an APR of 4.80%. He plans to retirs now. If his first deposit will be made at the end of this month, how large will his retirement account be in 25 years? O A. $234,017 O B. $242 779 O C. $406,820 O D. $19,501 E. $73,299
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