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Jessica has accumulated $ 1 , 3 7 6 , 0 0 0 as his retirement funds . She would like to withdraw $ 1

Jessica has accumulated $

1, 376, 000

as his retirement funds

.

She would like to withdraw $

174, 000

a year at the end of the year. Leaving aside issues of inflation, her account pays after

-

tax interest rate of

9.1

percent per year compounded annually. How long this annuity will last?

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