Solved: The man withdrew 500 on january 1 st 1976 1977 and 1978 but, Macroeconomics

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The man withdrew 500 on january 1 st 1976 1977 and 1978 but

A man inherited $6,000 which he deposited in a bank on January 1st 1975. Interest on the amount in the bank was added at the end of each year at 6 ½%. The man withdrew $500 on January 1 st 1976, 1977 and 1978 but made no additional deposits. How much had he to his credit on January 1 st 1980 when interest for 1979 had been added?

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Macroeconomics: The man withdrew 500 on january 1 st 1976 1977 and 1978 but

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