Clover Productions invested its annual net profits of $25,000 into a fund at 8% compounded quarterly. The

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Clover Productions invested its annual net profits of $25,000 into a fund at 8% compounded quarterly. The company wants to withdraw $2500 at the beginning of every six months, with the first withdrawal to be made two years from now. For how long can withdrawals be made?

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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