On January 1, a woman deposited $5,000 into a credit union that pays 8% compounded quarterly annual
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On January 1, a woman deposited $5,000 into a credit union that pays 8% compounded quarterly annual interest. He wants to withdraw all the money in five equal amounts annually, starting on December 31 of the first year. How much should it draw each year?
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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