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Jim deposits $18,000 today in a fund paying interest at j4 = 10%. Exactly 3 years later, Jim withdraws $R, followed by 19 more withdrawals,
Jim deposits $18,000 today in a fund paying interest at j4 = 10%. Exactly 3 years later, Jim withdraws $R, followed by 19 more withdrawals, each made 3-months apart (20 quarterly withdrawals in total). What is R? (You are given: 2200.025 = 15.58916) A $1515.00 O B. $1552.87 OC. $1154.65 OD. $1442.00
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