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Mathematics, 20.07.2019 03:10 stodd9503
The trustees of a college have accepted a gift of $15, but are required to deposit it in an account paying 6% per year, compounded semiannually. they may make equal withdrawals at the end of each six-month period, but the money must last 4 years. a. the amount of each withdrawal is $ (round your answer to the nearest cont.) b. if the money must last 5 years, the amount of each withdrawal is (round your answer to the nearest cont.) a. find the amount of each withdrawal. b. find the amount of each withdrawal if the money must last 5 years.
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