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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?
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?
Expert's answer
Answer in progress...
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