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Posted on May 18, 2024

You make $ 7 , 8 0 0 annual deposits into a retirement account that pays an APR of 1 0 . 4 percent compounded

You make $

7, 800

annual deposits into a retirement account that pays an APR of

10.4

percent compounded monthly.

Your first deposit will be one year from today. How large will your account balance be in

30

years?

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