At the beginning of january, john deposits a dollars into a non-interest-bearing bank account. if john withdrawals d dollars from the account every month and makes no additional deposits, how much money, in dollars, will be in the account after m months

Respuesta :

The money that would be in the account after m months is a - md.

How much money would be in the account after m months?

The amount of money in the account would decline each month by the value of the withdrawals.

Balance after m months = amount deposited - (number of months x monthly withdrawals)

a - md

Where:

  • a = initial deposit
  • m = number of months
  • d = withdrawals

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