A professional athlete invested $2.5 million of a bonus in an account that earns 6.8%, compounded semiannually.

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A professional athlete invested $2.5 million of a bonus in an account that earns 6.8%, compounded semiannually. If $120,000 is to be withdrawn at the end of each six months, how long will it be until the account balance is $0?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 05:38 AM

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A professional athlete invested $2.5 million of a bonus in an account that earns 6.8%, compounded semiannually.

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A n 2500000 i 0034 R 120000 ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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