The College invests $450,000 into an account earning 5% interest compounded monthly.

If the College withdraws $2,000 from this account every month to provide emergency financial assistance to students, how long will it take for the College to deplete all the money of the account? Justify your answer.

Please clearly indicate the values on your TVM solver screen.

Please show all your work if possible and label the answer. Thank you.

ate the values on your TVM solver screen. N=0 IX=0 PV=O PMT=0 FY=0 P/V=1 C/Y=1 PMT:ENC BEGIN