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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?

Points: 1 183 months

185 months

73 months

60 months

75 months

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