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(1 point) At the time they retire, a couple has a $298000 in an account that pays 7.5% compounded monthly. (a) What is the rate

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(1 point) At the time they retire, a couple has a $298000 in an account that pays 7.5% compounded monthly. (a) What is the rate per period? i= (b) If the couple decides to withdraw equal monthly payments for 10 years, at the end of which time the account will have a zero balance, how much should the couple withdraw each month? dollars

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