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Your grandpa decided to give an unexpected gift and deposited $13,700 into a bank account under your name. The bank pays a 7% annual interest
Your grandpa decided to give an unexpected gift and deposited $13,700 into a bank account under your name. The bank pays a 7% annual interest rate. If you want to withdraw the same amount of money from this account at the end of each quarter, for the next 11 years, how much will it be each time? PLease explain how to solve on financial calculator.
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