ING has saved $73,800.00. If she decides to withdraw $2,727.00 at the beginning of every three months and interest is 6.57% compounded annually, for how long can she make withdrawals? Express your answer in years and months (from 0 to 11 months). Her last withdrawal will occur ____year(s) and___ month(s) from now. (Type whole numbers.)

ING has saved $73,800.00. If she decides to withdraw $2,727.00 at the beginning of every three months and interest is 6.57% compounded annually, for how long can she make withdrawals? Express your answer in years and months (from 0 to 11 months). Her last withdrawal will occur __year(s) and_ month(s) from now. (Type whole numbers.)

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

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