Question: Your client has been given a trust fund valued at
Your client has been given a trust fund valued at $1.5 million. She cannot access the money until she turns 65 years old, which is in 15 years. At that time, she can withdraw $20,000 per month. If the trust fund is invested at a 5 percent rate, how many months will it last your client once she starts to withdraw the money?
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