For how long can $800 be withdrawn at the end of each month from an account originally

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For how long can $800 be withdrawn at the end of each month from an account originally containing $16 000, if interest is 6.8% compounded semi-annually?

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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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For how long can $800 be withdrawn at the end of each month from an account originally containing $16 000, if interest is 6.8% compounded semi-annually?
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For how long can $800 be withdrawn at the end of each month from an account originally

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FV 16 00000 PMT 80000 i 3 4 c 212 16 p 1034 16 1 1005...View the full answer

Contemporary Business Mathematics with Canadian Applications

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