jamalkamaa jamalkamaa

12-11-2022
Mathematics

contestada

Adriana just won $500 000 in a lottery. She plans to invest the money in an
account from which regular withdrawals can be made every month for 25 years.
How much is each withdrawal if the interest rate is 5% per year, compounded
monthly?
a. $2549.31 c. $11 079.06
b. $2922.95 d. $5539.53

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