Mathematics, 25.07.2019 13:30 189652

Suppose you accumulated $500,000, perhaps from many years of saving. you put the money in a savings plan earning 6% compounded monthly. if you want to live off the interest without disturbing the $500,000 balance, what amount can you withdraw at the beginning of each month?

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Suppose you accumulated $500,000, perhaps from many years of saving. you put the money in a savings...

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