Question
You have $100,000 in a saving account earning 7.4 percent per year. You now want to make 6 equal yearly withdrawals depleting the saving account.
You have $100,000 in a saving account earning 7.4 percent per year. You now want to make 6 equal yearly withdrawals depleting the saving account. How much are your withdrawals?
Answer to the nearest cent, xxx.xx and enter without the dollar sign.
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
