Gabriel put $6000 in a 2-year cd paying 4% interest, compounded monthly. after 2 years, he withdrew all his money. what was the amount of the withdrawal? a. $6498.86 b. $6000.00 c. $6244.45 d. $6254.41
2b2t

Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32