Question
Helen plans to attend college and has saved $10,000 earning 7% interest compounded monthly to help pay for her living expenses. What monthly amount can
Helen plans to attend college and has saved $10,000 earning 7% interest compounded monthly to help pay for her living expenses. What monthly amount can Helen withdraw from this fund each month if she wants the fund to last 4 years and her withdrawals begin one month from now?
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The Oxford Guide To Financial Modeling
Authors: Thomas S Y Ho, Sang Bin Lee
1st Edition
019516962X, 9780195169621
