Question
Paige invested $11,000 in a fund earning 6% compounded monthly. She withdraws $700 from the fund at the end of every quarter with the first
Paige invested $11,000 in a fund earning 6% compounded monthly. She withdraws $700 from the fund at the end of every quarter with the first withdrawal being made 5 years from now. How long will it take for the fund to be depleted?
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Financial Management Principles And Practice
Authors: Timothy Gallagher
7th Edition
0996095462, 978-0996095464
