The person will save $200 at the end of the first month. They will increase their savings by 1.0% per month. (2nd month will be $202.00, etc.)  Interest will be compounded monthly and earn an average annual rate of 7%/. 1) What will be the future value of this person's retirement account in 20 years 2) If they followed this plan, what would be their 240th (last) deposit amount? 3) What would be the FV if they did not increase the savings per month and their monthly contribution remained at $200/mo ?

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