Question: 6 /6 - 100% + 16. Suppose an individual makes an initial investment of $1400 in an account that earns 7.2%, compounded monthly, and makes

6 /6 - 100% + 16. Suppose an individual makes an initial investment of $1400 in an account that earns 7.2%, 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 5 years (so that the account balance will be reduced to $0). a) How much will the $1400 earn for the first 12 years? b) How will the monthly deposits of $100 earn for the 12 years? c) How much is in the account after the first 12 years? d) How much was deposited? e) What is the amount of each withdrawal? f) What is the total amount withdrawn

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