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Dalton received a $4.0 million cash flow and deposited the money in a guaranteed interest account that pays 7.5% APR, compounded monthly. What is the
Dalton received a $4.0 million cash flow and deposited the money in a guaranteed interest account that pays 7.5% APR, compounded monthly. What is the maximum size, equal withdrawal that Dalton can make each month over the next 30 years to achieve a zero balance after 20 years? $25,000.00 $27,968.58 $28,223.75 $35,622.96
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