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Your grandparents put $12,100 into an account so that you would have spending money in college. You put the money into an account that will

Your grandparents put $12,100 into an account so that you would have spending money in college. You put the money into an account that will earn an APR of 4.57 percent compounded. If you expect that you will be in college for 5 years, how much can you withdraw each month?

Multiple Choice

$225.11
$237.26
$225.97
$218.43
$230.14

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