$10,000 was invested in a fund earning 2.4% compounded monthly. How many monthly withdrawals of $300 can...

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$10,000 was invested in a fund earning 2.4% compounded monthly. How many monthly withdrawals of $300 can be made if the first occurs 3 1/2 years after the date of the initial investment? Count the final smaller withdrawal.

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 04:34 AM

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$10,000 was invested in a fund earning 2.4% compounded monthly. How many monthly withdrawals of $300 can...

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At focal date 41 months from now FV of 10000 PV of ...View the full answer

Fundamentals Of Business Mathematics In Canada

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