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You are planning to make monthly deposits of $70 into a retirement account that pays 11 percent interest compounded monthly. If your first deposit will

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You are planning to make monthly deposits of $70 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? Multiple Choice $18,722.86 $16,431.60 $17,831.29 $16,939.73 $213,975.54

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