Question: You will deposit $ 7 0 0 0 into an account with an annual interest rate of 5 % compounded monthly, leave the account untouched

You will deposit $7000 into an account with an annual interest rate of 5% compounded monthly, leave the account untouched for 16 years, and then withdraw equal amounts at the end of each month for the following 8 years, ending with a balance of $7000. What will your monthly withdrawals be?
Your monthly withdrawals will be $
You will deposit $7000 into an account with an annual interest

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