Question
f you had $20,000 in an account earning 8% annually, what constant amount could you withdraw each year and have nothing remaining at the end
f you had $20,000 in an account earning 8% annually, what constant amount could you withdraw each year and have nothing remaining at the end of 5 years?
Can you please explain how I arrive at this answer?
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
