Find the account balance immediately after last withdrawal

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Reference no: EM131854187

An account is today credited with its monthly interest thereby bringing the account balance to $8,570.The interest rate is 7.20% compounded monthly. You plan to make monthly withdrawals of $65 each. The first withdrawal is in exactly one month and the last in exactly 15 years. Find the account balance immediately after the last withdrawal.

Reference no: EM131854187

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