Interest over the initial investment


If a single deposit of $25000 is invested at 1.75% yearly interest, what equal year-end withdrawals can be made each year for 10 years, leaving nothing in the fund after the 10th withdrawal? How much money was made in interest over the initial investment?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Interest over the initial investment
Reference No:- TGS0746165

Expected delivery within 24 Hours