WITHDRAWAL OF FUNDS

This program can help you if you want to determine how long withdrawals can be made from your bank account before it expires. The data to be provided are: the initial deposit, the number of withdrawals in a year, the interest rate on the remaining part and the amount of withdrawals. Also in this case, the number of withdrawals in a year was considered equal to the number of compounding periods. If the withdrawal amount is less than the interest paid, your account will grow rather than expire: the message will then appear BANK BALANCE is GROWING.