3. Travis believes the world will end in exactly 25 years. He has $500,000 in a mutual fund earning interest of 6% compo
Posted: Sun Jul 03, 2022 6:42 am
3. Travis believes the world will end in exactly 25 years. He has $500,000 in a mutual fund earning interest of 6% compounded semiannually. He wants to withdraw an equal amount every six months for the remaining years. How much can he withdraw semiannually? PV FV PMT RATE NPER