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How long will $550,000, in an investment account that earns 4.10% compounded monthly, sustain month-end withdrawals of $3300? (Do not round intermediate calculations and round
How long will $550,000, in an investment account that earns 4.10% compounded monthly, sustain month-end withdrawals of $3300? (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.) |
years and month(s). |
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