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(2 points) Mr. Chan retired with $570,000 in his retirement fund. If he makes withdrawals of $5,500 at the beginning of each month, how many
(2 points) Mr. Chan retired with $570,000 in his retirement fund. If he makes withdrawals of $5,500 at the beginning of each month, how many withdrawals will he make before his account runs out? Assume that the account earns j12=3.6%. Round your answer to the nearest month. Your
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