Question 1142482
you do not say how much of the money in the account is withdrawn after 8 years.
is it the rest of the money or is it something less?


assuming it is the rest of the money, you would do the following.


you start with 700.


at the end of 2 years, the money in the account is 700 * (1 + .055) ^ 2 = 779.1175.


you remove 300 and you are left with 479.1175.


6 years later (at the end of 8 years), the money in the account is 479.1175 * (1 + .055) ^ 6 = 660.6277185.


if you remove all of it, then that's the amount you remove.


in the last 2 years, you will have nothing in the account.