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Please explain You need to make monthly withdrawals of $400 to pay for rent....

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Accounting

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Please explain

You need to make monthly withdrawals of $400 to pay for rent. You anticipate making these withdrawals for the next 3 years. Assuming the rent stays the same, how much money must you have in the account today to support the withdrawals for the next 3 years? The account pays 2% interest. Round to the nearest dollar. Type your numeric answer and submit

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