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Jordan has an account with $5000. He wants to withdrawal $40 a month for 10 years. The account makes 0.1% APR compounded monthly. Does he have enough money to do this? yes or no…

Jordan has an account with $5000. He wants to withdrawal $40 a month for 10 years. The account makes 0.1% APR compounded monthly. Does he have enough money to do this? yes or no…
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Jordan has an account with $5000. He wants to withdrawal $40 a month for 10 years. The account makes 0.1% APR compounded monthly. Does he have enough money to do this?

yes or no

User Pablo Guerrero
by
8.2k points

1 Answer

6 votes
No he does not have the money to do that
User Stas Jaro
by
8.2k points
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