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Home Q & A Board Science-Related Homework Help Mathematics
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kincasdce123 kincasdce123
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A year ago
Bosley has $750,000 which is earning 7.2% compounded monthly. At the end of every month for the next 10 years he plans to withdraw $5,000. After that he wants to increase his equal monthly withdrawals to the largest amount possible for 15 more years. What is that amount?

▸ $5,733

▸ $5,917

▸ $6,029

▸ $6,315

▸ $6,977
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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kayekalicokayekalico
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A year ago
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Anonymous
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7 months ago
Help! The answer is missing an explanation...
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