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Armin's wonderful parents established a college savings plan for him when he was born. They deposited $53 into the account on the last day of

Armin's wonderful parents established a college savings plan for him when he was born. They deposited $53 into the account on the last day of each month. The account has earned 8.9% compounded monthly, tax free. How much can they withdraw on his 18th birthday to spend on his education? Round to two decimal places

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