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Suppose you have savings of $5,000 in a bank account that pays monthly compound interest of 1.5%. You expect to withdraw $100 per month for
Suppose you have savings of $5,000 in a bank account that pays monthly compound interest of 1.5%. You expect to withdraw $100 per month for 94 months from your account, with the first withdrawal starting a month from now.
If there are no other deposits or withdrawals, a total amount of $ [ Select ] ["77", "93", "105", "89"]
[ Select ] ["is left in the account", "has been overdrawn from the account"] right after your 94th withdrawal
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