Question
You have deposited $15,584 in a special account that has a guaranteed rate of return. If you withdraw #3700 at the end of each year
You have deposited $15,584 in a special account that has a guaranteed rate of return. If you withdraw #3700 at the end of each year for 5 years, you will completely exhaust the balance in the account. The guaranteed rate of return is closest to:
6%
19%
24%
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe
8th Edition
0471429929, 978-0471429920
