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You have saved $21,979.00 for a three-year vacation to Germany. You will keep your money invested in an account paying 7.20% APR with monthly compounding

You have saved $21,979.00 for a three-year vacation to Germany. You will keep your money invested in an account paying 7.20% APR with monthly compounding while you live in Munich. You will make your withdrawals at the beginning of the month.

How much can you withdraw each month?

Answer format: Currency: Round to: 2 decimal places.

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