How much money will the account have after 10 years

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Reference no: EM131881691

Each month, I contribute $100 to a savings account which accumulates interest at 6% per year.

• How much money will the account have after 10 years worth of contributions?

• After 10 years, I start using the account, withdrawing X dollars per month. I emptied the account in five years. How big is X.

Reference no: EM131881691

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