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Similar question | All parts showing X What lump sum of money must be deposited into a bank account at the present time so that

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Similar question | All parts showing X What lump sum of money must be deposited into a bank account at the present time so that $450 per month can be withdrawn for four years, with the first withdrawal scheduled for five years from today? The interest rate is 1/2% per month. (Hint: There are 48 monthly withdrawals and they begin at the end of the month 60.) The lump sum of money should be $ (Round to the nearest dollar.)

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