Withdrawing the funds annually
Problem:
You will deposit $2000 today. It will grow for 6 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the next 4 years. the annual interest rate is 8%. What will the withdrawal be?
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You will then withdraw the funds annually over the next 4 years. the annual interest rate is 8%. What will the withdrawal be?
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