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At the age of 6 5 , Marquix has saved $ 1 5 , 5 0 0 , 0 0 0 . He has decided

At the age of

65,

Marquix has saved $

15, 500, 000 .

He has decided to take monthly payments for the next

20

years from this account, which is averaging

6.80 %

annual interest. What is the value of his monthly payment?

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