Question: An endowment fund is set up with a donation of $100,000. If it earns 9% compounded monthly, for how long will it sustain end-of-month withdrawals

An endowment fund is set up with a donation of $100,000. If it earns 9% compounded monthly, for how long will it sustain end-of-month withdrawals of $1000? (Include the final smaller withdrawal.)

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