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xxMikexx [17]
3 years ago
8

Stacey and her husband David have a joint savings account that earns 3.5% interest payable continuously and has a current balanc

e of $58,458. Each year, David wishes to withdraw $4,000 payable continuously at a level rate. Stacey wishes to deposit X at the beginning of each year (for thirty years) so that the account will last for thirty years. What is the least X that will work?

Business
1 answer:
FrozenT [24]3 years ago
5 0

Answer:

$837.82

Explanation:

Check attached file

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Answer:

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