Find the periodic withdrawal for an annuity containing $225,000 at 3%, paid out monthly for 25 years. (Assume end-of-period deposits and compounding at the same intervals as deposits). Round your answer to the nearest cent.

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Question

Find the periodic withdrawal for an annuity containing $225,000 at 3%, paid out monthly for 25 years. (Assume end-of-period deposits and compounding at the same intervals as deposits). Round your answer to the nearest cent.
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$__________

Quizplus · Accepted Answer

The Answer of Find the periodic withdrawal for an annuity containing $225,000 at 3%, paid out monthly for 25 years. (Assume end-of-period deposits and compounding at the same intervals as deposits). Round your answer to the nearest cent.
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$__________

Find the Periodic Withdrawal for an Annuity Containing $225,000 at 3