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Consider an annuity with an initial value of R120000 and monthly withdrawals of R3400. The annuity has an interest rate of 2% per month. Construct

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Consider an annuity with an initial value of R120000 and monthly withdrawals of R3400. The annuity has an interest rate of 2% per month. Construct a model for the remaining value in the annuity after n months. Determine if the annuity grows, remains the same or depletes over time. Consider an annuity with an initial value of R120000 and monthly withdrawals of R3400. The annuity has an interest rate of 2% per month. Construct a model for the remaining value in the annuity after n months. Determine if the annuity grows, remains the same or depletes over time

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