The formula is A=p (1+r/k)^kt A amount of the withdrawal? P present value 4000 R interest rate 0.06 K compounded monthly 12 T time 2 years A=4,000×(1+0.06÷12)^(12×2) A=4,508.64
-15 is the smaller number because the further you go into the negatives like -30, -47, -52; youre getting further away from 0 and after 0 are positive numbers so -15 would be the smaller number
= 0.2