Question
4,000,000 nest and 4% interest rate, what is the most you could withdrawn from your account each year ( equal amounts) so that the account
4,000,000 nest and 4% interest rate, what is the most you could withdrawn from your account each year ( equal amounts) so that the account never runs out of money (perpetuity). Money is withdraw at the beginning of the year .. show work
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Cornerstones Of Financial Accounting
Authors: Bertrand Piccard, Jay Rich, Jeff Jones, Maryanne Mowen, Don Hansen, Nick Jones
1st Edition
0324657730, 9780324657739
