Question
a) If you have $575,000 in an account earning 8% annually, what constant amount could you withdraw each year (beginning today) and have nothing remaining
a) If you have $575,000 in an account earning 8% annually, what constant amount could you withdraw each year (beginning today) and have nothing remaining after the 20th withdrawal?
IS IT LIKE THIS: PV: -575000 I: 8% N:20 AND WE ARE TRYING TO FIND PMT RIGHT?? PLEASE EXPLAIN
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis C. Gapenski
2nd Edition
1567931650, 978-1567931655
