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PLEASE SHOW ALL WORK FV9 Find FV given PV and withdrawal history (monthly compounding) An account is today credited with its monthly interest thereby bringing
PLEASE SHOW ALL WORK
FV9 Find FV given PV and withdrawal history (monthly compounding) An account is today credited with its monthly interest thereby bringing the account balance to $6,660 . The interest rate is 6.60% compounded monthly. You plan to make monthly withdrawals of $55 each. The first withdrawal is in exactly one month and the last in exactly 12 years. Find the account balance immediately after the last withdrawal a. $3,516 b. $3,197 c. $2,906 d. $2,642 e. $2,402Step by Step Solution
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