Question: - 12 2. How much in equal payments) can you withdraw every six (6 months, starting six months from today, if you deposit $1.000 today
- 12 2. How much in equal payments) can you withdraw every six (6 months, starting six months from today, if you deposit $1.000 today in a bank that pays, 12 percent per year compounded quarterly. Assume your last withdrawal is 2 years from now and then you will have a zero balance. (Hint: What is your withdrawal in three (3) months? In nine (9) months? (1)
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