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Suppose the interest rate on a savings account is 9.60% APR with monthly compounding. If you want to withdraw $2000 at the end of

Suppose the interest rate on a savings account is 9.60% APR with monthly compounding. If you want to withdraw $2000 at the end of each year for 11 years and be left with $0 at the end, how much do you need to deposit today? The amount that you need to deposit today is $ (Round to the nearest cent.) Cloor all Chack answer

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