Question
If you deposit $6,124 into a fund (today) that earns 5% interest compounded monthly,what minimum payment can you withdraw at the end of each month
If you deposit $6,124 into a fund (today) that earns 5% interest compounded monthly,what minimum payment can you withdraw at the end of each month for 8 years so that the account has a $0 balance.
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Financial Management For Nonprofit Organizations Policies And Practices
Authors: Jo Ann Hankin, John Zietlow, Alan Seidner, Tim O'Brien
3rd Edition
1119382564, 9781119382560
