Question: 191 (CRN #4 - Winter Question 7, 13.2.10 HW Score: 50%, 3.5 of 7 points Points: 0.5 of 1 Save Susan has saved $79,700.00.

191 (CRN #4 - Winter Question 7, 13.2.10 HW Score: 50%, 3.5

191 (CRN #4 - Winter Question 7, 13.2.10 HW Score: 50%, 3.5 of 7 points Points: 0.5 of 1 Save Susan has saved $79,700.00. If she decides to withdraw $2,726.00 at the beginning of every month and interest is 3.99% compounded semi-annually, for how long can she make withdrawals? Express your answer in years and months (from 0 to 11 months). Her last withdrawal will occur (Type whole numbers.) year(s) and month(s) from now. ou ti E

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!