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Hello again kbhutani, I am working through these questions and there are just a few that the wording seems to have me really confused. (Like the last…

by | Jan 11, 2025 | Posted Questions

Hello again kbhutani, I am working through these questions and there are just a few that the wording seems to have me really confused. (Like the last one you helped me with) Here is another: (Note, please do not be offended that I am not “tipping” right now. I don’t have the money on my card. I just have my tutor credits left until my next pay day.) The Question: (Microsoft Excel) You have deposited $15,336 in a special account that has a guaranteed interest rate. If you withdraw $3,200 at the end of each year for 6 years, you will completely exhaust the balance in the account. The guaranteed interest rate is (rounded to 2 decimal places)

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