Kaye deposited $6000 into a savings account today. For how long can $730 be with- drawn from

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Kaye deposited $6000 into a savings account today. For how long can $730 be with- drawn from the account at the end of every three months starting three months from now if interest is 3.9% compounded quarterly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:56 AM

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Kaye deposited $6000 into a savings account today. For how long can $730 be with- drawn from

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Value of deposit 6000 Quarterly withdrawal 730 Interest rate 390 Compoundi...View the full answer

Contemporary Business Mathematics with Canadian Applications

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