Question: Your client has been given a trust fund valued at
Your client has been given a trust fund valued at $1 million. He cannot access the money until he turns 65 years old, which is in 25 years. At that time, he can withdrawal $25,000 per month. If the trust fund is invested at a 5.5 percent rate, how many months will it last your client once he starts to withdraw the money?
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