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An ordinary annuity pays 6 . 8 4 % compounded monthly. ( A ) A person deposits $ 1 5 0 monthly for 3 0
An ordinary annuity pays compounded monthly.
A A person deposits $ monthly for years and then makes equal monthly withdrawals for the next years, reducing the balance to zero. What are the monthly withdrawals? How much interest is earned during the entireyear process?
B If the person wants to make withdrawals of per month for the last years, how much must be deposited monthly for the first years?
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