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Linda saved enough tip money from working at a restaurant to place $100,000.00 in a saving account generating 12.55% compounded monthly. She wants to
Linda saved enough tip money from working at a restaurant to place $100,000.00 in a saving account generating 12.55% compounded monthly. She wants to collect a monthly income of $2,266 at the end of each month, for as long as the money lasts. Approximately, how long will Linda have this income coming to him?
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Introduction to Management Science
Authors: Bernard W. Taylor
11th Edition
132751917, 978-0132751919
