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  3. 2. you deposit $600/mo. at the end of each month f

2. You deposit $600/mo. at the end of each month for the next 25 years...

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Finance

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2. You deposit $600/mo. at the end of each month for the next 25 years into an account that pays 5% compounded monthly. How much could you withdraw at the end of each month for the next 20 years and still have $100,000 left in the acct at the end of 20 years? The first withdrawal is made at the end of the first month. So you save for 25 years and withdraw for 20 years. (2 pts)

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