Mary deposited $5,000 in an account with the rate of return of 5%. He withdrew $300...

Mary deposited $5,000 in an account with the rate of return of 5%. He withdrew $300 from the account in year 2 and increased the amount of his withdrawal by the same amount of $300 every year after that. What is the year number in which he will make the last withdrawal? Group of answer choices.

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Expert Solution

It may kindly be noted that the withdrawls are increasing by $300 after year 2nd.

Feeback is welcomed.

ekkarill92 answered 1 year ago

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