Question
A person wins $10,000 in a state lottery. He plans to deposit this money in a savings account to earn 8% annual interest for 6
A person wins $10,000 in a state lottery. He plans to deposit this money in a savings account to earn 8% annual interest for 6 years. If he wants to withdraw equal annual ammounts from the account for 6 years, starting with the first withdrawal one year from the date of deposit, what wil be the amount of each withdrawal?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
1st Edition
0765616785, 9780765616784
