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On October 1, 20x1, you will begin making 30 monthly withdrawals of $1,000 out of a bank account that earns 6% per year (.5 percent
On October 1, 20x1, you will begin making 30 monthly withdrawals of $1,000 out of a bank account that earns 6% per year (.5 percent per month). How much do you need to have in the bank account today, February 1, 20x1, in order to have exactly the right amount to make these payments? O $26,707 $26,840 $27,794. O Cannot determine without table factors
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