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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
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3 votes
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
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7.7k points

1 Answer

6 votes
No he does not have the money to do that
User Stas Jaro
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