Caleb invested $12,500 in a fund earning 7% compounded quarterly. She withdraws $650 from the fund at the end of every month with the first withdrawal being made 4 years from now. How long will it...


Caleb invested $12,500 in a fund earning 7% compounded quarterly. She withdraws $650 from the fund at the end of every month with the first withdrawal being made 4 years from now. How long will it take for the fund to be depleted?



2 years and 5 months



3 years and 5 months



5 years and 4 months



2 years and 4 months



Jun 08, 2022
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