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2) (15 points) Dolores deposits $75,000 in a fund that pays 3% per year compounded monthly. She plans to withdraw $1,500
Posted: Sun Jul 03, 2022 6:55 am
by answerhappygod
- 2 15 Points Dolores Deposits 75 000 In A Fund That Pays 3 Per Year Compounded Monthly She Plans To Withdraw 1 500 1 (12.12 KiB) Viewed 12 times
2) (15 points) Dolores deposits $75,000 in a fund that pays 3% per year compounded monthly. She plans to withdraw $1,500 per month for the first two years. What equal amount can she withdraw every month during the next two years, so that the balance in the fund is zero after the last withdrawal at the end of the fourth year?