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Starting one month from now, you need to withdraw $210 per month from your bank account to help cover the costs of your university education. You will continue the monthly withdrawals for the next four years. If the account pays 0.50.5% interest per month, how much money must you have in your bank account today to support your future needs?

How much money must you have in your bank account today to support your future needs? (round to nearest cent)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92846860

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