Question
Pam inherited $125,000 and found an investment that would pay her 6% compounded semi-annually. If she wanted to withdraw $1,500 every month, how many years
Pam inherited $125,000 and found an investment that would pay her 6% compounded semi-annually. If she wanted to withdraw $1,500 every month, how many years before the money runs out?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
