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Suppose you have deposited 200,000 CAD in an investment account that gives a rate of return 7% compounded monthly. From your investment account, you plan

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Suppose you have deposited 200,000 CAD in an investment account that gives a rate of return 7% compounded monthly. From your investment account, you plan to withdraw monthly amounts for the next 12 years. What would be the amount of monthly withdrawal? (in 2 decimal places)

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