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Tim Crowe has a trust fund that will be worth $75,000 on his 18th birthday. Starting then, he will receive equal monthly payments for five

Tim Crowe has a trust fund that will be worth $75,000 on his 18th birthday. Starting then, he will receive equal monthly payments for five years. The trust fund is expected to earn 9% compounded monthly over the five years. How much will Tim receive each month?

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