Question: You plan to save $220 per month starting today for the next 31 years just to start things off right. You feel that you can

You plan to save $220 per month starting today for the next 31 years "just to start things off right." You feel that you can earn an interest rate of 9.8% compounded monthly. How much will there be in the account 31 years from today?

1. $532,519.54

2. $494,988.07

3. $507,023.78

4. $528,205.86

5. $461,770.29

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