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Rita is retired and has saved $50,000. She wishes to receive $500 a month for spending money. At an interest rate of 9%, compounded monthly,

Rita is retired and has saved $50,000. She wishes to receive $500 a month for spending money. At an interest rate of 9%, compounded monthly, how many months would her money last?

a)185 months

b)75 months

c)73 months

d)183 months

e) 60 months

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