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For how many years can the amount of $5,000.00 be withdrawn monthly from an initial deposit of $56,276.00, if the financial institution provides a rate

For how many years can the amount of $5,000.00 be withdrawn monthly from an initial deposit of $56,276.00, if the financial institution provides a rate of 1% monthly?

use the formula:

CoursHeroTranscribedText

n = Ai og (1 A /)] R log (1 + i)

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