Question
You are going to withdraw $1,000 at the end of each year for the next three years from an account that pays interest at
You are going to withdraw $1,000 at the end of each year for the next three years from an account that pays interest at a rate of 7.846% compounded semi-annually. The account balance will be zero when the last withdrawal is made. How much money will be in the account immediately after the second withdrawal?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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