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Jones deposits $20,000 on his 40th birthday into a fund ta nominal annual rate of 10% compounded semiannually. One birthday, he begins making a level
Jones deposits $20,000 on his 40th birthday into a fund ta nominal annual rate of 10% compounded semiannually. One birthday, he begins making a level month withdrawals continue for eighteen years, at which time the fund is exhau is 40th birthday into a fund that credits interest at a ompounded semiannually. One month after his 65th he begins making a level monthly withdrawal from the fund. The In which of the following ranges is the amount of the monthly withdrawal
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