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If You Save $150

Question 99

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If you save $150.00 at the beginning of each quarter for 20 years, for how long can you withdraw $800.00 at the beginning of each quarter, starting 20 years from now, and assuming that interest is 9% compounded quarterly?

Correct Answer:

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PMT = 150.00; n = 20(4) = 80; i = blured image = 2.2...

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