How much is withdrawn the second time

Reference no: EM132716878

Question: Roger deposits $150,000 into a money market fund that pays interest at a rate of 1.5% per year. Five years after making the deposit, he withdraws one third of his account balance. Then, five years after that, he withdraws two thirds of the remaining funds. How much is withdrawn the first time? How much is withdrawn the second time?

Reference no: EM132716878

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