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What lump sum of money must be deposited into a bank account at the present time so that $550 per month can be withdrawn for

What lump sum of money must be deposited into a bank account at the present time so that

$550 per month can be withdrawn for four years, with the first withdrawal scheduled for

five years from today? The interest rate is 3/4%

per month. (Hint: Monthly withdrawals begin at the end of the month

60.)

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