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You wish to calculate the amount that Astrid should withdraw from her college savings fund of $30000 if she wishes to withdraw equal amounts at

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You wish to calculate the amount that Astrid should withdraw from her college savings fund of $30000 if she wishes to withdraw equal amounts at the beginning of each year for four years. The annual nominal interest rate is 6% convertible monthly. Find c (the number of interest conversion periods per period interval) a. 4 b. 1 c. 12 d. 1/2 e. 2

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