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You are planning to make monthly deposits of $100 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will

You are planning to make monthly deposits of $100 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 17 years?

$55,887.59

$48,653.64

$638,715.34

$53,226.28

$50,564.96

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