How much money can be withdrawn semiannually

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Question: How much money can be withdrawn semiannually for 20 years (beginning 6 months from now) which earns 5% per year compounded weekly if the account has a present amount of $36,000?

An investment promises to provide 420% growth over 10 years. What is the effective annual rate of return on the investment?

Reference no: EM132005201

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