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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 15 years? rev: 09_17_2012 $30,111.42 $33,281.04 $30,154.83 $31,696.23 $380,354.76

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