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You are planning to make monthly deposits of $170 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will

You are planning to make monthly deposits of $170 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 23 years?

$155,580.56

$141,845.15

$163,359.59

$147,801.53

$1,866,966.74

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