You just received a 18000 bonus check you deposit it in an, Ask an Expert

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You just received a $18000 bonus check! You deposit it in an account which earns 9.25% compounded annually.

a. How many full withdrawals of $4500 at the end of each year can be made?

full withdrawals

b. What is the amount of the smaller concluding withdrawal at the end of the next year?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92166938

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