Question:

Carl Dehne has 80 000 in an account paying 4 8 interest

Last updated: 2/3/2023

Carl Dehne has 80 000 in an account paying 4 8 interest

Carl Dehne has 80 000 in an account paying 4 8 interest compounded monthly He plans to use up all the money by making equal monthly withdrawals for 15 years If the interest rate is 4 8 find the amount of each withdrawal