after depositing 23795890.29 today into an account which offers 12% compounded annually, how many times will...

after depositing 23795890.29 today into an account which offers 12% compounded annually, how many times will you be able to make annual withdrawals of 2675000.00 from the account .

if A, the first withdrawal is made today, immediately after the deposit?

B, the first withdrawal is made one year from today?

Expert Solution

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As nothing was mentioned excel is used.

jeff jeffy answered 5 months ago

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