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You are to make monthly deposits of $500 into a retirement account that pays an APR of 10.9 percent compounded monthly. If your irst deposit

image text in transcribed You are to make monthly deposits of $500 into a retirement account that pays an APR of 10.9 percent compounded monthly. If your irst deposit will be made one month from now, how large will your retirement account be in 34 years? Vote: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16

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