Bob has saved a total of P2,550,000.00 for retirement. He put the money in a mutual fund which pays 9% interest compounded monthly. How much should he withdraw each month in order to have enough money...

Bob has saved a total of P2,550,000.00 for retirement. He put the money in a<br>mutual fund which pays 9% interest compounded monthly. How much should he<br>withdraw each month in order to have enough money to last for 15 years?<br>D P25,863.80<br>D P6,738.80<br>P6,688.63<br>O P25,671.26<br>

Extracted text: Bob has saved a total of P2,550,000.00 for retirement. He put the money in a mutual fund which pays 9% interest compounded monthly. How much should he withdraw each month in order to have enough money to last for 15 years? D P25,863.80 D P6,738.80 P6,688.63 O P25,671.26

Jun 08, 2022

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Bob has saved a total of P2,550,000.00 for retirement. He put the money in a mutual fund which pays 9% interest compounded monthly. How much should he withdraw each month in order to have enough money...

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