Question
If $80,000 is invested in a fund on December 31, 2016, what is the amount of each of 6 annual withdrawals starting on December 31,
If $80,000 is invested in a fund on December 31, 2016, what is the amount of each of 6 annual withdrawals starting on December 31, 2017, that would deplete the fund if the interest rate earned in the fund is 10% compounded annually?
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The Power Of Accounting What The Numbers Mean And How To Use Them
Authors: Lawrence Lewis
1st Edition
0415884306, 978-0415884303
