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Problem 4 and 5 - 2 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $ 1
Problem and Future Value and Number of Annuity Payments
Your client has been given a trust fund valued at $ million. He cannot access the money until he turns years old,
which is in years. At that time, he can withdraw $ per month.
If the trust fund is invested at a percent rate, how many months will it last your client once he starts to withdraw the
money?
Note: Assume annual compounding. Do not round intermediate calculations and round your final answer to decimal
places.
Number of months
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