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Suppose an individual makes an initial investment of $ 2 , 7 0 0 in an account that earns 6 % , compounded monthly, and

Suppose an individual makes an initial investment of $2,700 in an account that earns 6%, compounded monthly, and makes additional contributions of $100 at the end of each month for a period of 12 years. After these 12 years, this individual wants to make withdrawals at the end of each month for the next 5 years (so that the account balance will be reduced to $0).

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