
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Transcribed Image Text:Example. Number of Payments from an Annuity N
An inheritance of $250,000 is invested at 9% compounded monthly.
If $2500 is withdrawn at the end of each month, how long will
it be until the account balance is $0?
TCL
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