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You are planning to make monthly deposits of $70 into a retirement account that pays 14...

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Finance

You are planning to make monthly deposits of $70 into aretirement account that pays 14 percent interest compoundedmonthly. If your first deposit will be made one month from now, howlarge will your retirement account be in 22 years?

$128,355.75, $1,466,922.82, $116,131.39, $122,243.57,$101,166.24

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Transcribed Image Text

You are planning to make monthly deposits of $70 into aretirement account that pays 14 percent interest compoundedmonthly. If your first deposit will be made one month from now, howlarge will your retirement account be in 22 years?$128,355.75, $1,466,922.82, $116,131.39, $122,243.57,$101,166.24

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