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You are planning to make monthly deposits of $190 into a retirement account that pays 11 percent interest compounded monthly. If your first deposit will

You are planning to make monthly deposits of $190 into a retirement account that pays 11 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 11 years?

$50,819.19

$45,979.27

$44,600.06

$580,790.75

$48,399.23

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