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Susan and Jeff each make deposits of 175 at the end of each year for 25 years. Starting at the end of year 26, Susan mak
Posted: Mon Apr 25, 2022 8:52 am
by answerhappygod
- Susan And Jeff Each Make Deposits Of 175 At The End Of Each Year For 25 Years Starting At The End Of Year 26 Susan Mak 1 (33.07 KiB) Viewed 20 times
Susan and Jeff each make deposits of 175 at the end of each year for 25 years. Starting at the end of year 26, Susan makes annual withdrawals of X for 20 years and Jeff makes annual withdrawals of Y for 20 years. Both funds have a balance of O after the last withdrawal. Susan's fund earns an annual effective interest rate of 5.5%. Jeff's fund earns an annual effective interest rate of 8.2%. Calculate Y-X.