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If an investment can earn 7.25% compounded monthly, what minimum amount of money will sustain withdrawals of $350 at the beginning of every quarter year
If an investment can earn 7.25% compounded monthly, what minimum amount of money will sustain withdrawals of $350 at the beginning of every quarter year for 13 years, 3 months? For full marks your answer(s) should be rounded to the nearest cent.
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