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show with formulas and excel You are planning to make monthly deposits of $450 into a retirement account that pays 10 percent interest compounded monthly.

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You are planning to make monthly deposits of $450 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years? Monthly deposit Times compounded per year Interest rate on annuity Number of years 450 12 10% 30 0 1 2. Complete the following analysis. Do not hard code values in your calculations. Your answer should be positive. 13 114 15 Future value of annuity

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