For how long will a $100,000 fund sustain beginningofmonth withdrawals of $700 if the fund earns: a.
Question:
a. 4% compounded monthly?
b. 5% compounded monthly?
c. 6% compounded monthly?
d. 7% compounded monthly?
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Given PV due 100000 PMT 700 a j 4 m 12 i 412 Since the 194th withdrawal occurs at ...View the full answer
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