Question
Derek currently has $14,979.00 in an account that pays 5.00%. He will withdraw $5,110.00 every other year beginning next year until he has taken 4.00
Derek currently has $14,979.00 in an account that pays 5.00%. He will withdraw $5,110.00 every other year beginning next year until he has taken 4.00 withdrawals. He will deposit $14979.0 every other year beginning two years from today until he has made 4.0 deposits. How much will be in the account 22.00 years from today?
Round to 2 decimal places
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Money Talks Explaining How Money Really Works
Authors: Nina Bandelj ,Frederick F. Wherry ,Viviana A. Zelizer
1st Edition
0691202893, 978-0691202891
