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You put $400,000 in an account earning a 5% rate of return.You take $5,000 out of this account each month.How long will it take for

You put $400,000 in an account earning a 5% rate of return.You take $5,000 out of this account each month.How long will it take for this account to be completely depleted?

a. 102.42 years

b. 8.54 years

c. 8.13years

d. 95.51 years

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