Five years ago, $12, 000 was deposited into a savings account that provides an interest of 6.5% compounded annually. If
Posted: Sun May 29, 2022 8:16 pm
Five years ago, $12, 000 was deposited into a savings account
that provides an interest of 6.5% compounded annually. If a uniform
amount of $3, 000 was withdrawn yearly starting at the end of the
first year after the initial deposit was made, how much money can
still be withdrawn now?
that provides an interest of 6.5% compounded annually. If a uniform
amount of $3, 000 was withdrawn yearly starting at the end of the
first year after the initial deposit was made, how much money can
still be withdrawn now?