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Ravi wins a large prize and receives an award of $ 54,000. He invests this money into an account that earns 3% compounded annually. He
Ravi wins a large prize and receives an award of $ 54,000. He invests this money into an account that earns 3% compounded annually. He would like to make withdrawals of $5,400 at the end of each year until the money runs out. How many full $5,400 withdrawals will he be able to make? Click here to access the TVM Factor Table calculator
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