Your client has been given a trust fund valued at 163, Ask an Expert

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Your client has been given a trust fund valued at $1.63 million. She cannot access the money until she turns 65 years old, which is in 20 years. At that time, she can withdraw $18,500 per month.

If the trust fund is invested at a 3.5 percent rate, compounded monthly, how many months will it last your client once she starts to withdraw the money?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92082288

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