Cover the costs of your university education

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Reference no: EM131814709

Startingone month from now, you need to withdraw $190 per month from your bank account to help cover the costs of your university education. You wil continue the montly withdrawls for the next four years. If the account pays 0.2% interest per month, how much money must you have in your bank account today to support your future needs?

Reference no: EM131814709

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