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.

Expert Solution

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

Feeback is welcomed.

ekkarill92 answered 2 years ago

Charles deposited $12,000 in the bank. He withdrew $5000 from his account after one year. If...

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George deposited $10,000 in an account with the rate of return of 4%

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