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You decided to open a savings deposit account and put $120 every month so that your grandson can collect the amount after 40 years. The

You decided to open a savings deposit account and put $120 every month so that your grandson can collect the amount after 40 years. The bank offers a fixed interest rate of 8%. What will be the collected amount by your grandson?

Select one:

a.$556,841

b.$144,569

c.$418,921

d.$712,240

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