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Beatty puts deposits of $25,000 in the bank today. After 7 years Beatty plans to withdraw the entire amount. If the bank is paying an

Beatty puts deposits of $25,000 in the bank today.

After 7 years Beatty plans to withdraw the entire amount.

If the bank is paying an annual rate of 3.8 percent, how much can Beatty take out to the nearest cent?

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