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You are planning to make monthly deposits of $180 into a retirement account that pays 7 percent interest compounded monthly. If your first deposit will

You are planning to make monthly deposits of $180 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 21 years? Multiple Choice $97,637.08 $107,914.67 $1,233,310.48 $102,775.87 $96,908.78

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