Question: Incorrect Question 1 0 / 1 pts Starting today, Aubie wants to withdraw $1,200 from his savings account at the beginning of each month for

Incorrect Question 1 0 / 1 pts Starting today, Aubie wants to withdraw $1,200 from his savings account at the beginning of each

Incorrect Question 1 0 / 1 pts Starting today, Aubie wants to withdraw $1,200 from his savings account at the beginning of each month for the next three years. If the savings account pays an interest rate of 24%, which compounds monthly, how much must Aubie have in his saving account today before the first withdrawal is made? Round to the nearest penny. Use the tables provided above. Hint: ask yourself the 3 questions we learned in class. 32,398 Error has ocurr... CQ Researcher 0... VICI Dressed To The Ni... Layering Basi i= 2% periods FV PV FVOA PVOA 1 1.02000 0.98039 1.00000 0.98039 2 1.04040 0.96117 2.02000 1.94156 3 1.06121 0.94232 3.06040 2.88388 4 1.08243 0.92385 4.12161 3.80773 5 1.10408 0.90573 5.20404 4.71346 6 1.12616 0.88797 6.30812 5.60143 7 1.14869 0.87056 7.43428 6.47199 8 1.17166 0.85349 8.58297 7.32548 10 1.21899 0.82035 10.94972 8.98259 23 1.57690 0.63416 28.84496 18.29220 24 1.60844 0.62172 30.42186 18.91393 35 1.99989 0.50003 49.99448 24.99862 36 2.03989 0.49022 51.99437 25.48884

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