Question
You plan on withdrawing monthly payments for the next twelve 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 twelve 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.
| $2,013.25 | ||
| $1,082.45 | ||
| $1,613.28 | ||
| $1,313.25 | ||
| $1,213.28 |
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Value Investing
Authors: Mike Hartley
1st Edition
979-8864443309
