How much money can he withdraw

Reference no: EM132154368

Question: Your father deposits $40,000 now into an account which will earn interest at a rate of 7% per year compounded quarterly. How much money can he withdraw every 6 months, if he makes his first withdrawal 15 years from now and he wants to make a total of 10 withdrawals? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132154368

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