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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.$418,921
b.$712,240
c.$556,841
d.$144,569
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