Dani deposited $20,000 into an account that compounds interest monthly at a rate of 1.26%. His plan
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Dani deposited $20,000 into an account that compounds interest monthly at a rate of 1.26%. His plan is to use the account to make direct withdrawals each month of $800 to pay his rent. How many months of rent will he be able to pay until the account gets to $0?
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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