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Starting on his 26th birthday, Fred deposits $2000 a year into a savings fund. His last deposit is at the age of 45. Starting 1
Starting on his 26th birthday, Fred deposits $2000 a year into a savings fund. His last deposit is at the age of 45. Starting 1 year later, he makes annual withdrawals for 15 years. If j_1=12%. throughout, find the size of these monthly withdrawals?
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