Question
On July 1, 2013, Sharon has $10,000 in an account paying interest at j4=8%. She plans to withdraw $500 every three months, with the first
On July 1, 2013, Sharon has $10,000 in an account paying interest at j4=8%. She plans to withdraw $500 every three months, with the first withdrawal on October 1, 2014.
a. How many full withdrawals can she make?(2.5)
b. Find the size of final partial withdrawal
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
