Question
One quarter from now, you want to be able to withdraw $15,283 per quarter to cover expenses over the next 20 years. If the account
One quarter from now, you want to be able to withdraw $15,283 per quarter to cover expenses over the next 20 years. If the account pays 12.19% APR, compounded quarterly, how much do you need to have in your account today to meet your expenses?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
