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You are planning to make monthly deposits of $110 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will

You are planning to make monthly deposits of $110 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 27 years?

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$181,027.26
$159,851.92
$190,078.63
$171,975.90
$2,172,327.18

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