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Month end contributions of $ 3 9 3 are made to an account for eight years. For exactly six years following the date of the
Month end contributions of $ are made to an account for eight years. For exactly six years following the date of the final payment the funds are allowed to accumulate interest. After this time, start of quarter withdrawals are made for a period of nine years. If the interest rate over the entire twentythree year period is compounded monthly, then what is the maximum amount that can be withdrawn at the start of each quarter?
Calculate the following values on the time diagram.
$
$
The maximum amount that can be withdrawn is $
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