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You are planning to make monthly deposits of $320 into a retirement account that pays 6.1 percent interest compounded monthly. If your first deposit will

You are planning to make monthly deposits of $320 into a retirement account that pays 6.1 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 39 years? (Round time value factors to 6 decimal places and final answer to the nearest dollar amount.

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