Jean inherited $25 000, whereby the terms of the inheritance state that she is to receive $1500

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Jean inherited $25 000, whereby the terms of the inheritance state that she is to receive $1500 at the end of each quarter, starting in 3 years, until the money is completely withdrawn. If the money is placed in a savings account earning 2.75% compounded monthly, how long will the inheritance last?
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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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