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At the time of retirement a couple has $250,000 in account that pays 8.4% compounded monthly. If the couple decides to withdraw from the account
At the time of retirement a couple has $250,000 in account that pays 8.4% compounded monthly. If the couple decides to withdraw from the account monthly for 10 years, how much should they withdraw every month if they dont want any money in the account after those 10 years? a. Future Value with compound interest b. Present Value with compound interest c. Future Value of an Annuity d. Present Value of an Annuity e. Sinking Fund
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