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Mark is tiring and wishes to distribute his 1,000,000 to his sons at the rate of 100,000 per year. If the 1,000,000 is deposited in
Mark is tiring and wishes to distribute his 1,000,000 to his sons at the rate of 100,000 per year. If the 1,000,000 is deposited in a bank account that earns 6% interest per year, how many years will it take to completely depleted the account?
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
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