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Math 1324 Finite Mathematics for Business & Soc. Sc. CRN 14296 HW Score: III Homework: 5.4 Annuities, Present Value and Amortization Question 5, 5.4.47- BE

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Math 1324 Finite Mathematics for Business & Soc. Sc. CRN 14296 HW Score: III Homework: 5.4 Annuities, Present Value and Amortization Question 5, 5.4.47- BE 80%, 4 of 5 points O Points: 0 of 1 Save A woman with her employer's matching program, contributes $800 at the end of each month to her retirement account, which cams % interest, compounded monthly. When the retires after 41 years, the plans to make monthly withdrawals for 25 years. It her accountams 5% interest.compounded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of money? The maximum possible monthly withdrawal is approximate $ (Simplify your answer. Round to the nearest cents needed Get more help Clear 60 : A N@ W2 $ 4 % 5 3 6 Q W E R Y T A S D A G 7 7 V

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