4. Rose has saved $150,000. If she decides to withdraw $1500 at the beginning of each...
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4. Rose has saved $150,000. If she decides to withdraw $1500 at the beginning of each month knowing the interest is 5% p.a. compounded semi-annually, for how long can she make withdrawals? s. How much can be paid in scholarships at the end of each month if $8,500,000 is deposited in a trust fund with the interest rate of 2%p.a. compounded quarterly? 4. Rose has saved $150,000. If she decides to withdraw $1500 at the beginning of each month knowing the interest is 5% p.a. compounded semi-annually, for how long can she make withdrawals? s. How much can be paid in scholarships at the end of each month if $8,500,000 is deposited in a trust fund with the interest rate of 2%p.a. compounded quarterly?
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