Question: A bank account has $20,000 earning 5% interest compounded continuously. A pensioner uses the account to pay himself an annuity, drawing continuously at a $2000

A bank account has $20,000 earning 5% interest compounded continuously. A pensioner uses the account to pay himself an annuity, drawing continuously at a $2000 annual rate. How long will it take for the balance in the account to drop to zero?

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