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Kelsy is retiring at the end of the year and plans to withdraw $2,500.00 from her retirement account at the end of each quarter
Kelsy is retiring at the end of the year and plans to withdraw $2,500.00 from her retirement account at the end of each quarter for the next 20 years. If the money in the retirement account earns 6% compounded quarterly, how much should Kelsy have in the retirement account at the end of the year?
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To calculate the amount Kelsy should have in her retirement account at the end of the year we need to consider the quarterly withdrawals and the inter...
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Introduction To Management Science and Business Analytics A Modeling And Case Studies Approach With Spreadsheets
Authors: Frederick S. Hillier, Mark S. Hillier
7th Edition
1260716295, 9781260716290
