A fund of $30 000 has been set up to pay for Edwins music lessons over the

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A fund of $30 000 has been set up to pay for Edwin’s music lessons over the next 12 years. If interest is 6.21% compounded monthly, what is the size of each month-end withdrawal from the fund?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:57 AM

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A fund of $30 000 has been set up to pay for Edwins music lessons over the

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Contemporary Business Mathematics with Canadian Applications

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