Answer to Question #252973 in Financial Math for MBM

Question #252973
Starting in 7 years and 9 months you want to be

able to withdraw R1700 at the beginning of every

month. You deposit R100000.00 immediately

and then let it grow at a rate of 6.41 percent

compounded quarterly. For how many years will

you be able to withdraw these payments?
0
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