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A fund of $30,000 has been set up to pay for Edwin's music lessons over the next twelve years. If interest is 6.21% compounded monthly,
A fund of $30,000 has been set up to pay for Edwin's music lessons over the next twelve years. If interest is 6.21% compounded monthly, what is the size of each month-end withdrawal from the fund? The amount of each month-end withdrawal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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