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Jane put aside $25000 today at her bank account to pay for her daughter's university in 3 years. How much her daughter can withdraw each
Jane put aside $25000 today at her bank account to pay for her daughter's university in 3 years. How much her daughter can withdraw each month for 4 years, assuming her daughter will attend the university 3 years from today and her first withdraw is at the end of each month starting 3 years from today? Interest rate is 6% compounding semi- annually
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