Business, 02.04.2020 03:54 kenleighbrooke67

2. A depositor puts $25,000 in a saving account that pays 5% interest, compounded semiannually. Equal annual withdrawals are to be made from the account, beginning one year from now and continuing forever. What is the maximum annual withdrawal.

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2. A depositor puts $25,000 in a saving account that pays 5% interest, compounded semiannually. Equa...

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