Question
Martin opened a bank account for his son and deposited $110,000 that will earn interest rate of 6.6%. If his son will withdraw $4,500 semi-annually
Martin opened a bank account for his son and deposited $110,000 that will earn interest rate of 6.6%. If his son will withdraw $4,500 semi-annually in how many years will the account exhaust?
Martin opened a bank account for his son and deposited $110,000 that will earn interest rate of 6.6%. If his son will withdraw $4,500 semi-annually in how many years will the account exhaust?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
