Question: In Exercise 57, approximately how long will it take to use up the account? Exercise 57 A retirement savings account contains $300,000 and earns 5%

In Exercise 57, approximately how long will it take to use up the account?

Exercise 57

A retirement savings account contains $300,000 and earns 5% interest compounded continuously. The retiree makes continuous withdrawals of $20,000 per year.

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