ING has saved $73,800.00. If she decides to withdraw $2,727.00 at the beginning of every three months and interest is 6.57% compounded annually, for how long can she make withdrawals? Express your answer in years and months (from 0 to 11 months). Her last withdrawal will occur ____year(s) and___ month(s) from now. (Type whole numbers.)
ING has saved $73,800.00. If she decides to withdraw $2,727.00 at the beginning of every three months and interest is 6.57% compounded annually, for how long can she make withdrawals? Express your answer in years and months (from 0 to 11 months). Her last withdrawal will occur ____year(s) and___ month(s) from now. (Type whole numbers.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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. LING has saved $73,800.00. If she decides to withdraw $2,727.00 at the beginning of every three months and interest is 6.57% compounded annually, for how long can she make withdrawals? Express your answer in years and months (from 0 to 11 months). Her last withdrawal will occur ____year(s) and___ month(s) from now. (Type whole numbers.)
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