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QUESTION 12 Over the many years during which he worked, Gulliver has saved 5950,000.00 towards retirements. It is time to retire and Gulliver will make

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QUESTION 12 Over the many years during which he worked, Gulliver has saved 5950,000.00 towards retirements. It is time to retire and Gulliver will make equal monthly withdrawals at the end of each month for the next 40 years, at which time the account will have a zero balance. The rate of interest is 19 compounded monthly. What monthif payments will Gulliver receive? a. S203,023.56 b. $1,610.47 c. $375,707,846.82 d. $2,402.13 e. $1,979.17

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