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You are planning to make monthly deposits of $475 into a retirement account with an APR of 10 percent interest compounded monthly. If your first
You are planning to make monthly deposits of $475 into a retirement account with an APR of 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be just after two months (just after your second deposit)? Round your answer to the nearest dollar.
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