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You want to withdraw $1500 each month for the next 18 years from an account that earns 4.5% annual interest, compounded monthly. How much do
You want to withdraw $1500 each month for the next 18 years from an account that earns 4.5% annual interest, compounded monthly. How much do you need to have in the account at the start to fund these withdrawals? Assume the account has a zero balance after 18 years. Round to 2 decimal places
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