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You are to make monthly deposits of $625 into a retirement account that pays 11.4 percent interest compounded monthly. Required: If your first deposit will

You are to make monthly deposits of $625 into a retirement account that pays 11.4 percent interest compounded monthly.

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If your first deposit will be made one month from now, how large will your retirement account be in 34 years? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

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