Question: Sarah Ling has saved $85 000. If she decides to withdraw $3000 at the beginning of every three months and interest is 6.125% compounded annually,
Sarah Ling has saved $85 000. If she decides to withdraw $3000 at the beginning of every three months and interest is 6.125% compounded annually, for how long can she make withdrawals?
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PVdue 85 00000 i 6125 PMT 300000 c 14 p 106125 14 1 1014973 1 14973 27915359 1 101... View full answer
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