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You are planning to make monthly deposits of $70 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will

You are planning to make monthly deposits of $70 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 13 years? Multiple Choice $19,280.84 $19,577.22 $247,291.19 $20,607.60 $21,637.98

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