How much money must Brock Spack have on deposit today at the Mt. Greenwood Community Bank if he wants to be able to withdraw $7,250 at the beginning of each year forever and he can earn a 2.4% average annual rate of return on his account’s balance?
How much money must Brock Spack have on deposit today at the Mt. Greenwood Community Bank if he wants to be able to withdraw $7,250 at the beginning of each year forever and he can earn a 2.4% average annual rate of return on his account’s balance?
0 comments