$10,000 was invested in a fund earning 7.5% compounded monthly. How many monthly withdrawals of $300 can be made if the first occurs 3 ½ years after the date of the initial investment? Count the final smaller withdrawal.

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$10,000 was invested in a fund earning 7.5% compounded monthly. How many monthly withdrawals of $300 can be made if the first occurs 3 ½ years after the date of the initial investment? Count the final smaller withdrawal.
Related Book For answer-question

Business Mathematics In Canada

7th edition

Authors: Ernest Jerome

ISBN: 978-0070009899