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Danielle deposits $12,000 in a savings account with a discount rate of 10% per year. After 15 years, Danielle moves the money to an account that accumulates at a force of interest of 8%. At that same time, Danielle begins withdrawing money continuously at a rate of $6,000 per year until the fund is exhausted. For how many years will Danielle be able to withdraw money?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91535831

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