Question: CAN I GET A ASNWER FOR A B AND C ASAP PLS AND THANKS An ordinary annuity that earns 7.2% compounded monthly has a current
CAN I GET A ASNWER FOR A B AND C ASAP PLS AND THANKS
An ordinary annuity that earns 7.2% compounded monthly has a current balance of $700,000. The owner of the account is about to retire and has to decide how much to withdraw from the account each month. Find the number of withdrawals under each of the following options. (A) $6000 monthly (B) $5000 monthly (C) $4000 monthly (A) Select the correct choice below, and, if necessary, fill in the answer box to complete your choice. O A. The total number of withdrawals of $6000 will be O B. The withdrawals of $6000 continue forever
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