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Dan inherited $150,000 and found an investment that would pay him 6.5% compounded semi-annually. If he wanted to withdraw $1,500 every month, how many years
Dan inherited $150,000 and found an investment that would pay him 6.5% compounded semi-annually. If he wanted to withdraw $1,500 every month, how many years before the money runs out?
Show your work for part marks: Input the calculator values you inputted, for example [ P/Y=4, N = 20 and so on] and enter your final value without commas, for example (1250 not 1,250), rounded to 0 decimal places.
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