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Today, you have a saving account of $ 2 0 , 0 0 0 based on an annual interest rate of 4 . 2 %

Today, you have a saving account of $20,000 based on an annual interest rate of 4.2%. What equal amount you can withdraw from the account at the end of each month for three years and leave $5,000 in the account? If you could earn 6.0% interest, what would be the value of your monthly withdrawals?

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