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Derek currently has $11,816.00 in an account that pays 6.00%. He will withdraw 5,499.00 every other year beginning next year until he has taken 6.00
Derek currently has $11,816.00 in an account that pays 6.00%. He will withdraw 5,499.00 every other year beginning next year until he has taken 6.00 withdrawals. He will deposit $11816.0 every other year beginning two years from today until he has made 6.0 depositsHow much will be in the account 29.00 years from today?
Explain why the answer is 190,049.73 and show working!!!
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
