Samantha wants to be able to withdraw $500 at the end of each month for two years

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Samantha wants to be able to withdraw $500 at the end of each month for two years while she travels, starting three years from now. If she invests $10 000 now to earn 4.68% compounded monthly until she begins to travel, what monthly compounded nominal rate of interest must she earn after she starts to travel?
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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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