Answer to Question #336876 in Financial Math for Mesh

Question

Curwin has R3003650 saved for his retirement. His account earns 8.4% interest per annum, compounded half yearly. HOW MUCH WILL HE BE ABLE TO WITHDRAW AT THE END OF EACH SIX MONTH PERIOD , IF HE WANTS TO BE ABLE TO TAKE WITHDRAWALS FOR 15YEARS ? THE FIRST WITHDRAWAL START AFTER 6 MONTHS

Answer 1

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