Question
Mei Li invested $725 at the end of each 6 months at 3.3% compounded semi-annually. At the end of 6 years, she was able to
Mei Li invested $725 at the end of each 6 months at 3.3% compounded semi-annually. At the end of 6 years, she was able to withdraw equal amounts at the end of each 6 months for 8 years. How much is the size of each withdrawal?
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
