What is the total amount withdrawn

Reference no: EM13300190

A recent college graduate begins a savings plan at age 27 that. earns 7.5% compounded monthly. If this plan is followed for 10 years, how much should the monthly contributions be for the next 28 years in order to be able to withdraw, 10,000 at the end of each month from the account for the next 25 years. what is the total amount contributed? what is the total amount withdrawn?

Reference no: EM13300190

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