What minimum amount of money earning 7% compounded semiannually will sustain withdrawals of $1000 at the end

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What minimum amount of money earning 7% compounded semiannually will sustain withdrawals of $1000 at the end of every month for 12 years?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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What minimum amount of money earning 7% compounded semiannually will sustain withdrawals of $1000 at the end of every month for 12 years?
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What minimum amount of money earning 7% compounded semiannually will sustain withdrawals of $1000 at the end

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Business Mathematics In Canada

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