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Carl Dehne has $80,000 in an account paying 4.8% interest, compounded monthly. He plans to use up all the money by making equal monthly

Carl Dehne has $80,000 in an account paying 4.8% interest, compounded monthly. He plans to use up all the money by making equal monthly withdrawals for 15 years. If the interest rate is 4.8%, find the amount of each withdrawal.

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