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4.4 A simple annuity problem: You plan to put $1 million deposit in an annuity fund with an interest rate 5% on January 1, 2048.

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4.4 A simple annuity problem: You plan to put $1 million deposit in an annuity fund with an interest rate 5% on January 1, 2048. You will start to draw $6,000 per month from the fund from January 31, 2048 monthly. How many years can you receive the annuity payment until the fund has zero balance

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