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Veronica invested $ 1 3 , 0 0 0 into a fund earning 6 . 5 0 % compounded monthly. He plans to withdraw $
Veronica invested $ into a fund earning compounded monthly. He plans to withdraw $ from the fund at the end of every quarter. If the first annuity withdrawal is to be made years from now, how long will it take for the fund to be depleted? years months Express the answer in years and months, rounded to the next period
Veronica invested $ into a fund earning compounded monthly. He plans to withdraw $ from the fund at the end of every quarter. If the first annuity withdrawal is to be made years from now, how long will it take for the fund to be depleted?
years months
Express the answer in years and months, rounded to the next period
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