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You are planning to make monthly deposits of $100 into a retirement account that pays 7 percent interest compounded monthly. If your first deposit will

You are planning to make monthly deposits of $100 into a retirement account that pays 7 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 17 years? Multiple Choice $468,151.43 $40,963.25 $39,012.62 $37,061.99 $37,008.26

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