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Create and define variables for initial balance

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A checking account is set up with an initial balance of $4800, and $400 is removed from the account each month for rent (no other transactions occur on the account).

Problem 1: Create and define variables for initial balance, months, and current balance.

Problem 2: Write and solve an equation whose solution is the number of months it takes for the account balance to reach $2000.

Reference no: EM133009636

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