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You are planning to make monthly deposits of $150 into a retirement account that pays 7 percent interest compounded monthly. If your first deposit will

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You are planning to make monthly deposits of $150 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 13 years? Multiple Choice $39,899.60 $37,999.62 $36,253.16 $36,099.64 $455,995.42

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