Question: 10. (-/1 Points DETAILS HARMATHAP 12 6.4.041.ML MY NOTES PRACTICE ANOTHER Suppose an individual makes an initial investment of $5,000 in an account that are
10. (-/1 Points DETAILS HARMATHAP 12 6.4.041.ML MY NOTES PRACTICE ANOTHER Suppose an individual makes an initial investment of $5,000 in an account that are compounded monthly, and makes additional contributions of $100 at the end of each month for a period of 12 years. After these 12 years, this individual wants to make withdrawals at the end of each month for the next year to that the account balance will be reduced to 30). (Round your answers to the nearest cent) (a) How much is in the account after the last deposit is made? $ (b) How much was deposited? (c) What is the amount of each withdrawal 5 (d) What is the total amount withdrawn? 1
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