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Suppose you have savings of $6,260 in a bank account that pays monthly compound interest of 1.2%. You expect to withdraw $358 per month for
Suppose you have savings of $6,260 in a bank account that pays monthly compound interest of 1.2%. You expect to withdraw $358 per month for 9 months from your account, with the first withdrawal starting a month from now. If there are no other deposits or withdrawals, how much money will be left in your account right after your 9th withdrawal? Round your answer to the nearest $1, i.e., round to a whole number.
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