$30,000 is placed in a fund earning 7% compounded quarterly. How many quarterly withdrawals of $2000 can...

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$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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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:47 AM

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$30,000 is placed in a fund earning 7% compounded quarterly. How many quarterly withdrawals of $2000 can...

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With a focal date 2 years and 9 months from today FV of 30000 PV of ordinary si...View the full answer

Business Mathematics In Canada

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