Cathy placed $7000 into a savings account. For how long can $800 be withdrawn from the account

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Cathy placed $7000 into a savings account. For how long can $800 be withdrawn from the account at the end of every month starting one month from now if interest is 4.58% compounded monthly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Sep 21, 2024 05:20 AM

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Cathy placed $7000 into a savings account. For how long can $800 be withdrawn from the account at the end of every month starting one month from now if interest is 4.58% compounded monthly?
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Cathy placed $7000 into a savings account. For how long can $800 be withdrawn from the account

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Contemporary Business Mathematics with Canadian Applications

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