This program determines the maximum amounts that can be regularly withdrawn from an amount during a given period of time. Withdrawals are of identical amounts and interest is compounded on each withdrawal.
Example
Thomas puts $ 8,000 in the bank at 9.5%. He plans to make monthly withdrawals for ten years leaving a zero balance. How much can he withdraw monthly?
Example
Thomas puts $ 8,000 in the bank at 9.5%. He plans to make monthly withdrawals for ten years leaving a zero balance. How much can he withdraw monthly?
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