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PLEASE SOLVE ON PAGE 2) (15 points) Paul deposits $50,000 in a fund that pays 6% per year compounded monthly. He plans to withdraw $1,500

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PLEASE SOLVE ON PAGE

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2) (15 points) Paul deposits $50,000 in a fund that pays 6% per year compounded monthly. He plans to withdraw $1,500 per month for the first two years. What equal amount can he withdraw every month during the third year, so that the balance in the fund is zero after the last withdrawal

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