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Posted on Aug 10, 2024

You are planning to make 1 8 monthly withdrawals beginning at the end of the sixth month. You plan to withdraw $ 1 3 9

You are planning to make

18

monthly withdrawals beginning at the end of the sixth month. You plan to withdraw $

139

in the sixth month and increase your withdrawals by $

14

over the previous month

s withdrawal. How much should you deposit now in a bank account that pays

12 %

per year compounded monthly?

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