To enter a local fair, one must pay an entrance fee and pay for the number of ride tickets he/she wants. Admission to the fair i
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The money can be withdrawn from the account every two months for the next 6 years is $20, 625, 000
<h3>What is compound interest?</h3>
The formula for compound interest is given as;
P = principal interest = $25, 000
r = rate = 4. 5%
n = 2 months
t = 6 years
A =
A =
A =
A = $20, 625, 000
Thus, the money can be withdrawn from the account every two months for the next 6 years is $20, 625, 000
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