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You are starting to save for a vacation in the South Pacific. Starting today, you...

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Accounting

You are starting to save for a vacation in the South Pacific. Starting today, you will deposit $525 at the beginning of each month into an investment account offering a return of 7% per year, compounding monthly. How much will you have saved after 1 year? Select one: a. $6,586.86 b. $6,544.06 c. $5,811.94 d. $6,509.37 e. $7,396.18

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