Business, 07.04.2020 22:06 boportsmouth7908

A personal account earmarked as a retirement supplement contains $342,100. Suppose $300,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $6500 at the end of each quarter. How long will it be until the account balance is $0?

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A personal account earmarked as a retirement supplement contains $342,100. Suppose $300,000 is used...

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