Question: $30,000 is placed in a fund earning 7% compounded quarterly. How many quarterly withdrawals of $2000 can be made if the first withdrawal occurs three
$30,000 is placed in a fund earning 7% compounded quarterly. How many quarterly withdrawals of $2000 can be made if the first withdrawal occurs three years from today? Count the final withdrawal, which will be less than $2000.
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With a focal date 2 years and 9 months from today FV of 30000 PV of ordinary si... View full answer
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