Post a New Question

Maths-financial

posted by .

Lucas invests R4million into an account earning interest of 6% per annum compounded monthly.He withdraws an allowance of R30000 per month.The first withdrawal is exactly one month after he has deposited the R4million.How many such withdrawals will Lucas be able to make?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question