question archive Rosie won $8000 in an essay writing contest
Rosie won $8000 in an essay writing contest
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Rosie won $8000 in an essay writing contest. The money was deposited into a savings account -arning 4.2% compounded monthly. She intends to leave the money for ?ve-and-a-half-years, .nd then withdraw amounts at the end of each month for the next four years while she studies to lecome an entreoreneur. What will be the size of each withdrawal?
