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A recent college graduate's gift from her grandparents is $ 2 9 , 0 0 0 . How much will this provide at the end

A recent college graduate's gift from her grandparents is $

29, 000 .

How much will this provide at the end of each month

(

in $

)

for the next

12

months while the graduate travels? Assume that money is worth

5.4 %

compounded monthly.

(

Round your answer to the nearest cent.

)

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