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Your mother has just retired. The balance in her investment account is $ 2 0 0 , 0 0 0 and she wants to receive
Your mother has just retired. The balance in her investment account is $ and she wants to receive monthly payments of $ If she receives the payments at the end of the month, and the current interest rate is percent, compounded quarterly, approximately how many months will her investment account last for? Keep three decimal places in your calculations and round the final answer to two decimal places
Hint: PV should be inputted as negative number in your calculatorYour mother has just retired. The balance in her investment account is $ and she wants to receive monthly payments of $ If she receives the payments at the end of the month, and the current interest rate is percent, compounded quarterly, approximately how many months will her investment account last for? Keep three decimal places in your calculations and round the final answer to two decimal places
Hint: PV should be inputted as negative number in your calculatorYour mother has just retired. The balance in her investment account is $ and she wants to receive monthly payments of $ If she receives the payments at the end of the month, and the current interest rate is percent, compounded quarterly, approximately how many months will her investment account last for? Keep three decimal places in your calculations and round the final answer to two decimal places
Hint: PV should be inputted as negative number in your calculator
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