A sum of 300,000 is deposited in the bank now. After 10 years, 100,000 is withdrawn from the fund. What will be the withdrawal amount for the next 10 years? Money is worth 8% compounded annually. a. 1,182,394.65 b. 2,185,654.92 C. 983,168.47 d. 1,216,918.32

A sum of 300,000 is deposited in the bank now. After 10 years, 100,000 is withdrawn from the fund. What will be the withdrawal amount for the next 10 years? Money is worth 8% compounded annually. a. 1,182,394.65 b. 2,185,654.92 C. 983,168.47 d. 1,216,918.32

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Question

A sum of 300,000 is deposited in the bank now. After 10 years, 100,000 is withdrawn
from the fund. What will be the withdrawal amount for the next 10 years? Money is worth
8% compounded annually.
Saholisupe od
a. 1,182,394.65
b. 2,185,654.92
c. 983,168.47
d. 1,216,918.32

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