Question: If possible do calculation or answer in excel. Thanks ! Samantha wants to be able to withdraw $350 at the end of each month for
If possible do calculation or answer in excel. Thanks !
Samantha wants to be able to withdraw $350 at the end of each month for three years while she travels, starting three years from now. If she invests $10,000 now to earn 4.68% compounded monthly until she begins to travel, what monthly compounded nominal rate of interest must she earn after she starts to travel? She must earn a nominal rate of interest of % compounded monthly. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
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