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Kindly assist me ASAP a. Question 3 a. Susan has saved $87,400.00. If she decides to withdraw $3.449.00 at the beginning of every three months
Kindly assist me ASAP
a. Question 3 a. Susan has saved $87,400.00. If she decides to withdraw $3.449.00 at the beginning of every three months and interest is 4.59% compounded monthly, for how long can she make withdrawals? (Express your answer in years and months (from 0 to 11 months). b. What is the nominal annual rate of interest compounded monthly on a lease valued at $23,700.00, if payments of S6200.00 are made at the beginning of every six months for 2 years? (Round to two decimal places as needed.)Step by Step Solution
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