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Q3: Frank has an investment account that earns 9% APR compounded monthly. He has $175,000 in this account. Frank plans to withdraw from this account

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Q3: Frank has an investment account that earns 9% APR compounded monthly. He has $175,000 in this account. Frank plans to withdraw from this account each month and have $12,000 in the account at the end of 5 years. How much can he withdraw each month? m 12 Rate 9.00% Nper 5 Years Pmt PV FV $3,473.61 $175,000.00 $12,000

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