Finance Mathematics, short question!
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Finance Mathematics, short question!

[From: ] [author: ] [Date: 12-11-20] [Hit: ]
How much interest do you earn in the 5 year period?I already got the first question, but I dont know how to find the second.Thanks for any help!-if you have already got the first part,interest earned = 60x - 70,......
Hello! I'm struggling with my last homework problem, and I'm really unsure how to go about it. There arent any options to choose from and I would really like someone's help!

If you deposit 70000 into a fund paying 6% interest compounded monthly, how much can you withdraw at the end of each month for 5 years? How much interest do you earn in the 5 year period?

I already got the first question, but I dont know how to find the second.

Thanks for any help!

-
if you have already got the first part, say $x per withdrawal

interest earned = 60x - 70,000
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