Solution-Discuss how much could you draw out each year

Discuss how much could you draw out each year

Reference no: EM131766089

You can deposit $4000 per year into an account that pays 12% interest. if you deposit such amounts for 15 years ans start drawing money out of the account in equal annual installments, how much could you draw out each year for 20 years?

Reference no: EM131766089

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Discuss how much could you draw out each year

Reference no: EM131766089

Reference no: EM131766089

Questions Cloud

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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