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    Compound Interest

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    A man has $50,000 invested at 12% compounded quarterly at the time he retires. If he wishes to withdraw money every 3 months, for the next 7 years, what will be the size of his withdrawals?

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    https://brainmass.com/business/interest-rates/compound-interest-size-withdrawals-35810

    Solution Summary

    This solution is comprised of a detailed explanation to answer what will be the size of his withdrawals.

    $2.19

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