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Check Month end contributions of $317 are made to an account for 7 years. For exactly 10 years following the date of the final payment
Check Month end contributions of $317 are made to an account for 7 years. For exactly 10 years following the date of the final payment the funds are allowed to accumulate interest. After this time, start of quarter withdrawals are made for a period of 9 years. If the interest rate over the entire 26 year period is 3.8% compounded quarterly, then what is the maximum amount that can be withdrawn at the start of each quarter? Answer: Check
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