A company withdraws $36,000 at the beginning of every six months from a $400,000 fund that is
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A company withdraws $36,000 at the beginning of every six months from a $400,000 fund that is growing at 2.25% compounded semi-annually. After how many withdrawals will the fund be depleted?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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