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11. Your neighbor has just won a bonus prize of $ 1,000,000 at 6/49. He deposits this amount in a bank account earning him 6.75% 

11. Your neighbor has just won a bonus prize of $ 1,000,000 at 6/49. He deposits this amount in a bank account earning him 6.75% per year, compounded monthly (every month). He wants to start withdrawing money every month for 25 years in a month. How much will he withdraw each month?

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