Yuan invested $10,000 in a fund earning 8% compounded monthly. He wishes to withdraw $800 from the
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Yuan invested $10,000 in a fund earning 8% compounded monthly. He wishes to withdraw $800 from the fund at the end of every quarter, with the first withdrawal to be made three years from now. How long will it take for the fund to 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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