Question: Nick received an inheritance from rich relatives. He invests $ 800 000 in an account that pays 6.6%/ a compounded quarterly and provides a quarterly
Nick received an inheritance from rich relatives. He invests $ 800 000 in an account that pays 6.6%/ a compounded quarterly and provides a quarterly income. How much would he get every 3 months for 10 years? Use TVM Advanced Calculator to solve this. Change the periods and compounding accordingly. Fill in the blank.
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