Question
You currently have $6,300 (Present Value) in an account that has an interest rate of 5% per year compounded annually (1 times per year). You
You currently have $6,300 (Present Value) in an account that has an interest rate of 5% per year compounded annually (1 times per year). You want to withdraw all your money when it reaches $12,600 (Future Value). In how many years will you be able to withdraw all your money?
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Analysis Of Financial Data
Authors: Gary Koop
1st Edition
0470013214, 978-0470013212
