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24) You have $300,000 in an account earning 6%. If you take $5,000 per month out of this account, how long will it take for

24) You have $300,000 in an account earning 6%. If you take $5,000 per month out of this account, how long will it take for the account to be depleted? A. 4.22 years B. 5.09 years C. 5.96 years D. 6.41 years

Please work through entire calculations, with formula as well

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