Question

A family has inherited $300,000. If the choose to invest the $300,000 at 12 percent per year compounded quarterly, how many quarterly withdrawls of $25,000 can be made? ( Assume that the first withdrawal is 3 months after the investment is made).

Answer 1

Step-by-step explanation:

1. diydosotsjtzlh v,,"*9*$9(-5:/5*$5/$5(/5+$5#'9')/:*4@+5$*5$*6-(6@(6$+6(-6-(6(+5-(6-)2)--(2)-48+(6"=0*"8$+5-:8
2. gziitaitdiydoyerupfg
3. fhitsyosyodyod
4. lfzitapydpuxhlxykafj,-(5-:6(+6:/0*"gkxfhlkdyldlyxyzitzlhdl
5. zv(-8/:9-:9:-5$-06'8-$5$-6:-6-(6(-5"=5,yxodoyddd