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You are to make monthly deposits of $575 into a retirement account that pays 11.2 percent interest compounded monthly. Required: If your first deposit will
| You are to make monthly deposits of $575 into a retirement account that pays 11.2 percent interest compounded monthly. |
| Required: |
| If your first deposit will be made one month from now, how large will your retirement account be in 32 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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