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А ا ن و و 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 Determine the amount that can be withdrawn quarterly from the account for 20 years, assuming ordinary annuity.
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6 votes
А

ا ن و و
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can be withdrawn quarterly from the account for 20 years, assuming ordinary annuity.
$9,722.36
b $6,334.15
$23,965.92
d. $7,366.99

User Bhavani
by
8.6k points

2 Answers

8 votes
B 6,334.15 because
An account paying
4.6% intrest
And
User Mamunur Rashid
by
9.0k points
12 votes

Answer:

answer Option A $9,722.36

I am 100% sure

User Aqua
by
7.8k points
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