Question
You just got $60,000 from an inheritance and want to withdraw amounts of $2,595.74 each quarter. If the rate is 12%, how long can you
You just got $60,000 from an inheritance and want to withdraw amounts of $2,595.74 each quarter. If the rate is 12%, how long can you do this? Round to the closest value.
YOU MUST SHOW YOUR WORK
You MUST include:
1. Identify the type of problem.
2. Write out the formula identifying the rate and term in the factor.
3. Solve with a complete formula.
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The Evolution Of Finance
Authors: Barbara Guth
1st Edition
1633377261, 978-1633377264
