Lauren deposited $19,500 today. He plans to withdraw $1100 every three months. For how long can...

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Lauren deposited $19,500 today. He plans to withdraw $1100 every three months. For how long can she withdraw from the account starting 3 months from now if interest is 9% compounded quarterly? State your answer in years and months (from 0 to 11 months). She can make withdrawals for year(s) and month(s). Lauren deposited $19,500 today. He plans to withdraw $1100 every three months. For how long can she withdraw from the account starting 3 months from now if interest is 9% compounded quarterly? State your answer in years and months (from 0 to 11 months). She can make withdrawals for year(s) and month(s). Lauren deposited $19,500 today. He plans to withdraw $1100 every three months. For how long can she withdraw from the account starting 3 months from now if interest is 9% compounded quarterly? State your answer in years and months (from 0 to 11 months). She can make withdrawals for year(s) and month(s). Lauren deposited $19,500 today. He plans to withdraw $1100 every three months. For how long can she withdraw from the account starting 3 months from now if interest is 9% compounded quarterly? State your answer in years and months (from 0 to 11 months). She can make withdrawals for year(s) and month(s). Lauren deposited $19,500 today. He plans to withdraw $1100 every three months. For how long can she withdraw from the account starting 3 months from now if interest is 9% compounded quarterly? State your answer in years and months (from 0 to 11 months). She can make withdrawals for year(s) and month(s). Lauren deposited $19,500 today. He plans to withdraw $1100 every three months. For how long can she withdraw from the account starting 3 months from now if interest is 9% compounded quarterly? State your answer in years and months (from 0 to 11 months). She can make withdrawals for year(s) and month(s).

Answer rating: 100% (QA)

To determine how long Lauren can make withdrawals from the account well need to calculate the future ... View the full answer