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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 $144,569 b.$418,921 $556,841 d.57112.240

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