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1. When Jack started his job working for an industrial manufacturing company, he contributed $311 at the end of each month into a savings account

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1. When Jack started his job working for an industrial manufacturing company, he contributed $311 at the end of each month into a savings account that earned 1.6 % interest compounded monthly for 9 years. At the end of the 9th year, Jack was laid off. To help meet family expenses, Jack withdrew $255 from the savings account at the end of each month for 3 years. At the end of the third year of being unemployed, Jack found another job and started contributing $178 back into the savings account at the end of each month for the next 6 years. How much money would he have in the account at the end of the 6 years (after returning to work)? You may use the TVM Solver. Show all the necessary work that you need perform to arrive at the answer. (15 points)

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