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Mathematics 13 Online
chris2003:

An account paying 4.6% interest compounded quarterly has a balance of $506,732.32. Determine the amount that can be withdrawn quarterly from the account for 20 years, assuming ordinary annuity. a. $9,722.36 b. $6,334.15 c. $23,965.92 d. $7,366.99

Ari1234442:

What do you think then I will give you hints

supie:

Do you know the formula? If not, the formula is \[A = P(1 + (r/n)^nt\]

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