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The college invests $450,000 into an account earning 5% interest compounded monthly. If the college withdraws $1,800 from this account every month to provide emergency

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

If the college withdraws $1,800 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?

Explain.

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

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