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Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as
Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.)
$350,000 at 3%, paid out monthly for 14 years
PMT = $ ______________
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