Question
Your retention incentive account has a current balance of $234,146 earning 4.3 percent per year. You are allowed to withdraw from it at the
Your retention incentive account has a current balance of $234,146 earning 4.3 percent per year. You are allowed to withdraw from it at the at the end of every year, over 7 years, in equal annual withdrawals until the account is completely depleted. How much are your withdrawals? Answer to the nearest cent, and enter without the dollar sign.
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Introduction To Corporate Finance
Authors: Laurence Booth, Sean Cleary
3rd Edition
978-1118300763, 1118300769
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