Question

Write down your roll # on the answer sheet.
01 - 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 withdrawal is made in the
end of the first quarter)​

Answer 1

Step-by-step explanation:

400,000=1700,000

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