Sally will be leaving her sale position next month, to start a 2-year MBA program. If she wants to withdraw $1,500 from her investment account every month, which earns an average of 5.5% compounded monthly, what is the minimum amount she must have in that account?

Answer rating: 100% (QA)

To determine the minimum amount Sally must have in her investment account to withdraw 1500 ... View the full answer