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Demonstrate the total withdrawals

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Question - Suppose you deposit $20,000 today, with the expectation that it will grow for 10 years at 21% interest compounded monthly. You then plan to withdraw the funds quarterly over the next 5 years. You expect the annual interest rate over those 5 years to be 10%. Demonstrate the total withdrawals, to the nearest dollar.

Reference no: EM133102977

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