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Suppose you want to with draw $100 at the end of each month for five years from an account paying 4.5% compounded monthly. a. How
Suppose you want to with draw $100 at the end of each month for five years from an account paying 4.5% compounded monthly.
a. How much must you have as a total amount saved in the beginning??
b. How much will you receive in total?
c. How much of what you will receive is interest?
please help with explanation. thank you !
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