A person invests $50,000 in an investment that earns 6 percent. If $6000 is withdrawn each year,

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A person invests $50,000 in an investment that earns 6 percent. If $6000 is withdrawn each year, how many years will it take for the fund to run out?

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Jun 21, 2022 08:00 AM

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A person invests $50,000 in an investment that earns 6 percent. If $6000 is withdrawn each year,

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Given PV present value the amount invested 50000 P withdraw per year 6000 r inves... View the full answer

Personal Finance

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