Question
You will deposit $4,000 today. It will grow for 7 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the
You will deposit $4,000 today. It will grow for 7 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the next 5 years. The annual interest rate is 8%. Your annual withdrawal will be:
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
