Erika deposited $200 monthly in a fund earning j12 = 12%. The first deposit was made on

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Erika deposited $200 monthly in a fund earning j12 = 12%. The first deposit was made on June 1, 1990 and the last deposit on November 1, 2000.

From May 1, 2005, she plans to draw down the fund with monthly withdrawals of $1,000. Find the date and the size of the smaller concluding withdrawal one month after the last $1,000 withdrawal.

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: Apr 27, 2020 07:38 AM

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Erika deposited $200 monthly in a fund earning j12 = 12%. The first deposit was made on

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Number of months of periodic deposits commencing June 1 1990 and ending on Novem... View the full answer

Intermediate Accounting Reporting and Analysis

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