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You are planning to make monthly deposits of $100 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will

You are planning to make monthly deposits of $100 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 10 years?

$20,319.00
$18,383.86
$19,351.43
$18,231.52
$232,217.13

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