Eduardo Martinez has saved $125 000. If he withdraws $1250 at the beginning of every month and

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Eduardo Martinez has saved $125 000. If he withdraws $1250 at the beginning of every month and interest is 4.5% compounded monthly, what is the size of the last withdrawal?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:10 AM

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Eduardo Martinez has saved $125 000. If he withdraws $1250 at the beginning of every month and

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END mode PY 12 CY 12 45 IY 125 000 PV 1250 PMT 0 FV 0 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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