Question: ( 1 point ) At the time they retire, a couple has a ( $ 2 9 8 0 0 0 )

(1 point) At the time they retire, a couple has a \(\$ 298000\) in an account that pays \(7.5\%\) compounded monthly. (a) What is the rate per period? \[ i=\](b) If the couple decides to withdraw equal monthly payments for 10 years, at the end of which time the account will have a zero balance, how much should the couple withdraw each month? dollars

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