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Jennifer establishes an investment account to pay for college expenses for her daughter. She plans to invest at the beginning of each month for the

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Jennifer establishes an investment account to pay for college expenses for her daughter. She plans to invest at the beginning of each month for the next 20 years. Beginning at the end of the 17th year, she will withdraw 22,000 annually. The final withdrawal at the end of the 20th year will exhaust the account. She anticipates earning an annual effective yield of 2% on the investment Calculate X 276.80 307.70 317.60 346.20 349.10

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