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What lump sum of money must be deposited into a bank account at the present time so that $450 per month can be withdrawn for

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What lump sum of money must be deposited into a bank account at the present time so that $450 per month can be withdrawn for five years, with the first withdrawal scheduled for six years from today? The interest rate is 1/2% per month. (Hint There are 60 monthly withdrawals and they begin at the end of the month 72.) The lump sum of money should be $ 1. (Round to the nearest dollar)What lump sum of money must be deposited into a bank account at the present time so that $450 per month can be withdrawn for five years, with the first withdrawal scheduled for six years from today? The interest rate is 1/2% per month. (Hint There are 60 monthly withdrawals and they begin at the end of the month 72.) The lump sum of money should be $ 1. (Round to the nearest dollar)

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