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business fundamentals of tech professionals a series of monthly cash flows is deposited into an account...

business fundamentals of tech professionals

a series of monthly cash flows is deposited into an account that earns 12% nominal interest compounded monthly. Each monthly deposit is equal to $2060. The first monthly deposit occurred on June 1, 2012 and the last monthly deposit will be on January 1, 2019. The account (the series of monthly deposit, 12% nominal interest, and monthly compounding) also has equivalent quarterly withdrawls from it. the first quarterly withdrawl is equal to $5000 and occurred on October 1, 2012. The last $5000 withdrawl will occur on January 1, 2019. How much remains in the account after the last withdrawl?

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