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Linda saved enough tip money from working at a restaurant to place $100,000.00 in a saving account generating 10.10% compounded monthly. She wants to collect
Linda saved enough tip money from working at a restaurant to place $100,000.00 in a saving account generating 10.10% compounded monthly. She wants to collect a monthly income of $2,133 at the end of each month, for as long as the money lasts. Approximately, how long will Linda have this income coming to her?
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