Solution-What is the most you can withdraw annually

What is the most you can withdraw annually

Reference no: EM131041300

In order to help you through college, your parents just deposited $23,000 into a bank account paying 5.9% interest. Starting tomorrow you plan to withdraw equal amounts from the account at the beginning of each of the next four years. What is the MOST you can withdraw annually?

$2,851.94
$6,253.46
$6,325.63
$6,815.57
$6,996.38

Reference no: EM131041300

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What is the most you can withdraw annually

Reference no: EM131041300

Reference no: EM131041300

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