Olivia has $200,000 deposited today (at t = 0) in an account at the Nashua Savings Bank
Fantastic news! We've Found the answer you've been seeking!
Question:
Olivia has $200,000 deposited today (at t = 0) in an account at the Nashua Savings Bank which pays an annual interest rate of 4.4%. If starting next year (at t = 1) she wants to start making 6 annual equal withdrawals depleting the entire account, how much can can Olivia take out per year to the nearest cent?
Related Book For
Posted Date: