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Jean inherited $21,000, where the terms of the inheritance state that she is to receive $1350 at the end of each quarter, starting in three
Jean inherited $21,000, where the terms of the inheritance state that she is to receive $1350 at the end of each quarter, starting in three years, until the money is completely withdrawn. If the money is placed in a savings account earning 8.7% compounded semi-annually, how long will the inheritance last? State your answer in years and months (from 0 to 11 months). The inheritance last will last (Type whole numbers.) year(s) and month(s)
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