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Lauren deposited $15,000 today. He plans to withdraw $1200 every six months. For how long can she withdraw from the account starting 6 months from
Lauren deposited $15,000 today. He plans to withdraw $1200 every six months. For how long can she withdraw from the account starting 6 months from now if interest is 8.9% compounded semi-annually?
State your answer in years and months (from 0 to 11 months).
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