John wants to be able to withdraw $525 at the end of each month for two years
Fantastic news! We've Found the answer you've been seeking!
Question:
John wants to be able to withdraw $525 at the end of each month for two years while he is on vacation, starting four years from now. If he invests $10,000 now to earn 4.68% compounded monthly. What is the monthly compounded nominal rate?
Posted Date: