Question
2. On your birthday, when you turned 22, $23700 was deposited in an account which earns 7.25% compounded annually. a. How much can you withdraw
2. On your birthday, when you turned 22, $23700 was deposited in an account which earns 7.25% compounded annually.
a. How much can you withdraw annually for 18 years if the first withdrawal is made on the day you become 47?
b. State the total amount of interest earned on this account.
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Offshore Finance And State Power
Authors: Andrea Binder
1st Edition
0192870122, 978-0192870124
