4.32 depositing 2000 six month from now, how long it will take to deplete the account if you start to withdrawing money lyear from now according to the following: 500 the first month,450 the second, 400 the next month and amounts decreasing by 50 per month. ? r, = 12% per year compounded monthly

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
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4.32 depositing 2000 six month from now, how long it will take to deplete the account if you start to withdrawing money
lyear from now according to the following: 500 the first month,450 the second, 400 the next month and amounts
decreasing by 50 per month. ?
r, = 12% per year compounded monthly
Transcribed Image Text:4.32 depositing 2000 six month from now, how long it will take to deplete the account if you start to withdrawing money lyear from now according to the following: 500 the first month,450 the second, 400 the next month and amounts decreasing by 50 per month. ? r, = 12% per year compounded monthly
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