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The first deposit is made today how much money will be in

Please show formula and explanation

You have decided to place $553 in equal deposits every month at the beginning of the month into a savings account earning 10.62 percent per year, compounded monthly for the next 13 years. The first deposit is made today. How much money will be in the account at the end of that time period?

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Finance Basics: The first deposit is made today how much money will be in

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