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You are planning to make monthly deposits of $ 1 6 0 into a retirement account that pays 1 3 percent interest compounded monthly. If

You are planning to make monthly deposits of $160 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 28 years?
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$536,912.11
$6,442,945.32
$437,663.79
$563,757.72
$510,066.50
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