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Ross received an inheritance of $ 2 0 0 , 0 0 0 . He wants to withdraw equal periodic payments at the beginning of

Ross received an inheritance of $

200, 000 .

He wants to withdraw equal periodic payments at the beginning of each

month for the next

5

years. He expects to earn

12 %

annual interest, compounded monthly on his investments.

How much can he receive each month

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