Question
If you deposit now 15,000 QAR in a bank that pays 8% annual interest compounded quarterly and you wish to withdraw all the money in
If you deposit now 15,000 QAR in a bank that pays 8% annual interest compounded quarterly and you wish to withdraw all the money in five equal yearly sums starting from the first year. How much should you withdraw each year?
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
