Gabby has $70,000 deposited in an account earning 2.5% interest annually. She plans to withdraw a certain
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Gabby has $70,000 deposited in an account earning 2.5% interest annually. She plans to withdraw a certain amount from this account at the start of each semi-annual period over 5 years and still have $15,000 remaining. Determine the amount of each payment.
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
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