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You are planning to make monthly deposits of $130 into a retirement account that pays 12 percent interest compounded monthly. If your first deposit will

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You are planning to make monthly deposits of $130 into a retirement account that pays 12 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 13 years? Multiple Choice $48,387.18 $50,806.54 $45,967.82 $43,725.41 $580,646.12

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