You will deposit $10,000 today. It will grow for 10 years at 10% interest compounded monthly. You will then withdraw the funds quarterly over the next 4 years. The annual interest rate over those 4...



You will deposit $10,000 today. It will grow for 10 years at 10% interest compounded monthly. You will then withdraw the funds quarterly over the next 4 years. The annual interest rate over those 4 years is 8%. Your annual withdrawal will be:




Multiple Choice




  • $1691.90.





  • $1993.74.





  • $1789.37.





  • $660.87.






Jun 09, 2022
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