Mathematics - Finite Mathematics
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Hal deposited $100 a month in an account paying 9% per annum compounded monthly for 25 years. After 25 years, he stops making deposits. Over the next 35 years, Hal withdraws the same amount of money monthly. What amount does Hal withdraw monthly so his account has a $0 balance at the conclusion of the 35 year period?
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Hal deposited $100 a month in an account paying 9% per annum compounded monthly for 25 years. After 25 years, he stops making ...
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