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Answer to Question #160431 in Financial Math for Muhammad Haris Asad

Question #160431

A family has inherited $200,000. If they choose to invest the $200,000 in a factory at 8% on quarterly basis, how many quarterly withdrawals of $15,000 can be made from the factory? ( Assume that the first withdrawals is made in the end of the first quarter)


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Expert's answer
2021-02-24T12:07:29-0500
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