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Jean inherited $65,000,where the terms of the inheritance state that she is to receive $860 at the end of each month, starting in three years,
Jean inherited $65,000,where the terms of the inheritance state that she is to receive $860 at the end of each month, starting in three years, until the money is completely withdrawn. If the money is placed in a savings account earning 10.2% compounded quarterly, how long will the inheritance last? State your answer in years and months (from 0 to 11 months).
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