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You paid $6000 into a savings account from which you want to extract $600 annually over the next 20 years. What is the minimum interest
You paid $6000 into a savings account from which you want to extract $600 annually over the next 20 years. What is the minimum interest rate that will make this possible? Answer is not 600/6000
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Personal Finance An Integrated Planning Approach
Authors: Ralph R Frasca
8th edition
136063039, 978-0136063032
