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Armin's wonderful parents established a college savings plan for him when he was born. They deposited $ 7 4 into the account on the last

Armin's wonderful parents established a college savings plan for him when he was born. They deposited $74 into the account on the last day of each month. The account has earned 7.1% compounded monthly, tax-free. How much can they withdraw on his 18 th birthday to spend on his education? Round to two decimal places (Ex. $00.00)
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