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1 6 A series of monthly cash flows is deposited into an account that earns 1 2 % nominal interest compounded monthly. Each monthly deposit
A series of monthly cash flows is deposited into an account that earns nominal interest compounded monthly. Each monthly deposit is equal to $ The first monthly deposit occurred on June and the last monthly deposit will be on January The account the series of monthly deposits, nominal interest, and monthly compounding also has equivalent quarterly withdrawals from it The first quarterly withdrawal is equal to $ and occurred on October The last $ withdrawal will occur on January How much remains in the account after the last withdrawal?
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