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2) You were fired from your last job & received a severance of $20,000. You figure you will be out of work for the next

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2) You were fired from your last job & received a severance of $20,000. You figure you will be out of work for the next 6 months. If you put your severance money in an account that pays 4% interest compounded monthly, how much can you withdraw from the account at the end of every month? Please also provide a cash flow diagram. (4 marks)

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