Sarah Ling has saved $85 000. If she decides to withdraw $3000 at the beginning of every

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Sarah Ling has saved $85 000. If she decides to withdraw $3000 at the beginning of every three months and interest is 6.125% compounded annually, for how long can she make withdrawals?

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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 04:03 AM

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Sarah Ling has saved $85 000. If she decides to withdraw $3000 at the beginning of every

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PVdue 85 00000 i 6125 PMT 300000 c 14 p 106125 14 1 1014973 1 14973 27915359 1 101...View the full answer

Contemporary Business Mathematics with Canadian Applications

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