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Albert has received an inheritance of $1, 300,000. He wants to withdraw equal periodic payments at the beginning of each month for the next 30

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Albert has received an inheritance of $1, 300,000. He wants to withdraw equal periodic payments at the beginning of each month for the next 30 years. He expects to earn 14.4% compounded monthly on his investments. How mu Ch can he receive each month? 15, 816 16, 108 15, 628 15, 474

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