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Corey deposits $23,000.00 in a bank crediting interest at a nominal rate of 4.8%4.8% compounded monthly. This deposit is just sufficient to permit him to
Corey deposits $23,000.00 in a bank crediting interest at a nominal rate of 4.8%4.8% compounded monthly. This deposit is just sufficient to permit him to make monthly withdrawals of X for 15 years, with first withdrawal today. Determine X. This is Financial Mathematics please use annuity formula. Answer is not 47184.15
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