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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

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 26 years?

A. $132,153.66

B. $125,545.98

C. $1,585,843.97

D. $138,761.35

E. $123,617.65

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