Tabatha has saved $97.805. If she decides to withdraw $9,828 at the end of every quarter and interest is 5 42% compounded monthly, how many years can she make withdrawals for before she runs out of mone Leave your answer in years and round to 2 decimal places (if necessary).

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 19PROB
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Question 1
Tabatha has saved $97.805. If she decides to withdraw $9,828 at the end of every quarter and interest is 5.42% compounded monthly. how many years can she make withdrawals for before she runs out of mone
Leave your answer in years and round to 2 decimal places (if necessary).
Transcribed Image Text:Question 1 Tabatha has saved $97.805. If she decides to withdraw $9,828 at the end of every quarter and interest is 5.42% compounded monthly. how many years can she make withdrawals for before she runs out of mone Leave your answer in years and round to 2 decimal places (if necessary).
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