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Question 11 0/3 pts The sum of P4800 will be withdrawn from a fund at 3-month intervals, the first withdrawal to be made 3 months
Question 11 0/3 pts The sum of P4800 will be withdrawn from a fund at 3-month intervals, the first withdrawal to be made 3 months hence. The principal in the fund at present is P40,000, and the interest rate of the fund is 6 percent per quarterly period. How many withdrawals can be made, if it is necessary to maintain a minimum balance of P10000 in the fund? Round your final answer to 4 decimal places, do not round your intermediate solutions. Answered 6.9585 ect Answer 3.0365 margin of error +/-0.1
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