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Brief Exercise 6-12 Maria Alvarez is investing $355,500in a fund that earns11% interest compounded annually. (Use the table below.) What equal amounts can Maria withdraw
Brief Exercise 6-12
Maria Alvarez is investing $355,500in a fund that earns11% interest compounded annually. (Use the table below.)
What equal amounts can Maria withdraw at the end of each of the next20years?(Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Yearly withdrawals | $ |
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