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A family has inherited $300,000. If they choose to invest the $300,000 at 12\% per year compounded quarterly, how many quarterly withdrawals of $25000 can be made? (Assume that the first withdrawal is
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A family has inherited $300,000. If they choose to invest the $300,000 at 12\% per year compounded quarterly, how many quarterly withdrawals of $25000 can be made? (Assume that the first withdrawal is three months after the investment is made).

User RevMoon
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Explanation:

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User Ahmed Laatabi
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