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You deposited today $4,000 and plan to make a $490.06 withdrawals at the end of each quarter.The interest rate is 8% compounded quarterly. 1. How
You deposited today $4,000 and plan to make a $490.06 withdrawals at the end of each quarter.The interest rate is 8% compounded quarterly.
1. How many withdrawals you can make?
2. How much money you will receive in total?
3. How much from what you receive is interest?
For the first question I got 9.00003517. So should the answer be 9 or 10. I'm confused
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