Question
You plan on withdrawing monthly payments for the next ten years and have deposited $100,000 in an account. If the rate of return is 8%
You plan on withdrawing monthly payments for the next ten years and have deposited $100,000 in an account. If the rate of return is 8% compounded monthly, determine the value of the monthly withdrawals.
Multiple Choice
- $1,613.28
- $1,413.28
- $2,013.28
- $1,813.28
- $1,213.28
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
