1 What minimum amount of money earning 7.60% compounded semiannually will sustain withdrawals of $2, 200 at the beginning of every month for 10 years? ( Do not round intermediate calculations and round your final answer to 2 decimal places.) The minimum amount $ 220,740.87 0/10 points awarded

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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1 What minimum amount of money earning 7.60% compounded semiannually will sustain withdrawals of $2, 200 at the beginning of every month for 10 years? ( Do not round intermediate calculations and round your final answer to 2 decimal places.) The minimum amount $ 220,740.87 0/10 points awarded

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