Lauren deposited $12 000 today. He plans to withdraw $1100 every six months. For how long can

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Lauren deposited $12 000 today. He plans to withdraw $1100 every six months. For how long can he withdraw from the account starting six months from now if interest is 3.9% compounded semi-annually?

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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 03:56 AM

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Lauren deposited $12 000 today. He plans to withdraw $1100 every six months. For how long can

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Let semiannual interest 3902 195 so based on formula of Pr...View the full answer

Contemporary Business Mathematics with Canadian Applications

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