Planning to make monthly deposits

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Reference no: EM13728485

You are planning to make monthly deposits of $110 into a retirement account that pays 11 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 23 years?

$136,915.82

$143,761.61

$120,315.21

$130,070.03

Reference no: EM13728485

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