Question
You currently have $5,800 (Present Value) in an account that has an interest rate of 4% per year compounded annually (1 times per year). You
You currently have $5,800 (Present Value) in an account that has an interest rate of 4% per year compounded annually (1 times per year). You want to withdraw all your money when it reaches $8,700 (Future Value). In how many years will you be able to withdraw all your money?
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Finance Accumulation And Monetary Power
Authors: Daniel Woodley
1st Edition
0367338556, 978-0367338558
