Question
A trust fund with an initial balance of $34000 earns interest at 5.2% compounded semi-annually. If withdrawals of $1960 are made at the end of
A trust fund with an initial balance of $34000 earns interest at 5.2% compounded semi-annually. If withdrawals of $1960 are made at the end of every three months, starting 6 years from now, how long will the trust fund last? Answer in QUARTERS. Round properly
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Governmental And Nonprofit Accounting Theory And Practice
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
9th Edition
0132552728, 9780132552721
