Rae deposited $5741, the earnings from her part-time job, into a savings account. If she withdraws $650

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Rae deposited $5741, the earnings from her part-time job, into a savings account. If she withdraws $650 at the end of each month, how long will the money last if interest is 5.15% compounded monthly?

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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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Rae deposited $5741, the earnings from her part-time job, into a savings account. If she withdraws $650

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PV of amount deposited 5741 Amount of withdrawal or PMT 650 Rate per mo...View the full answer

Contemporary Business Mathematics with Canadian Applications

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