You paid $6000 into a savings account from which you want to extract $600 annually over the

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You paid $6000 into a savings account from which you want to extract $600 annually over the next 20 years. What is the minimum interest rate that will make this possible? Answer is not 600/6000

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Personal Finance An Integrated Planning Approach

ISBN: 978-0136063032

8th edition

Authors: Ralph R Frasca

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Posted Date: Mar 22, 2024 03:03 AM

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You paid $6000 into a savings account from which you want to extract $600 annually over the

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To determine the minimum interest rate needed to withdraw 600 annually over th... View the full answer

Personal Finance An Integrated Planning Approach

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