How much they withdraw on birthday to spend on education, Financial Accounting

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How much they withdraw on birthday to spend on education

Question: Armin's wonderful parents established a college savings plan for him when he was born. They deposited $75 into the account on the last day of each month. The account has earned 10.3% compounded monthly, tax-free. How much can they withdraw on his 18th birthday to spend on his education? Round to two decimal places (Ex. $00.00)

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Financial Accounting: How much they withdraw on birthday to spend on education

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