question archive Ralph wants to withdraw $925 at the beginning of each quarter for twelve years
Ralph wants to withdraw $925 at the beginning of each quarter for twelve years
Subject:MathPrice: Bought3
Ralph wants to withdraw $925 at the beginning of each quarter for
twelve years. If the withdrawals are to begin 10 years from now and interest is 4.5% compounded monthly, how much must Ralph invest today to be able to make the withdrawals?
