Tashoido Inc. invested its annual net profit of $60,000 in a fixed deposit at 6% compounded annually.

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Tashoido Inc. invested its annual net profit of $60,000 in a fixed deposit at 6% compounded annually. If the company wants to withdraw $2000 at the beginning of every month starting 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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