Assuming the value of money will average 6 compounded, Financial Management

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Assuming the value of money will average 6 compounded

Upon the birth of her daughter, a mother deposits $5000 in a trust fund so that beginning on her daughter's 18th birthday, the daughter will be able to make equal monthly withdrawals, for two years, to help her with her college education. Assuming the value of money will average 6% compounded monthly, what will be the size of her daughter's monthly withdrawals?

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Financial Management: Assuming the value of money will average 6 compounded

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Financial Management: Assuming the value of money will average 6 compounded

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