Left in the savings account


A retired couple has $2,450,000 in a savings account that earns 2.22% interest compounded quarterly. How much money can this couple withdraw at the end of each quarter such that at the end of 30 years, they will still have $295,000 left in the savings account? Use your TVM Solver. Show in detail how you arrived at your answer.

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Basic Statistics: Left in the savings account
Reference No:- TGS0736083

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