bennettmarcell04 bennettmarcell04

24-09-2022
Mathematics

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An account paying 4.8% interest compounded quarterly has a balance of $506,732.32. Determine the amount that can
be withdrawn quarterly from the account for 20 years, assuming ordinary annuity.
a. $9,722.36
b. $6,334.15
c. $23,965.92
d. $7,366.99
Please select the best answer from the choices provided
OA
55:18
D

An account paying 48 interest compounded quarterly has a balance of 50673232 Determine the amount that can be withdrawn quarterly from the account for 20 years class=

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