Question
George deposited $10,000 in an account with the rate of return of 4%. He withdrew $500 from the account in year 2 and increased the
George deposited $10,000 in an account with the rate of return of 4%. He withdrew $500 from the account in year 2 and increased the amount of his withdrawal by the same amount of $500 every year after that. What is the year number in which he will make the last withdrawal?
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Gapenskis Understanding Healthcare Financial Management
Authors: George H. Pink, Paula H. Song
8th Edition
1640551093, 978-1640551091
