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You are to make quarterly deposits of $500 into a retirement account that earns an APR of 10.5 percent compounded quarterly. If your first deposit

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You are to make quarterly deposits of $500 into a retirement account that earns an APR of 10.5 percent compounded quarterly. If your first deposit will be made one quarter from now, how large will your retirement account be in 40 years? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Retirement account value

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