Question: entry level finance chapter 4 &5 q 3 Problem 4 and 5-3 Future Value and Number of Annuity Payments Your client has been given a

entry level finance chapter 4 &5 q 3

Problem 4 and 5-3 Future Value and Number of Annuity Payments Your client has been given a trust fund valued at $107 million. He cannot access the money until he turns 65 years old, which is in 30 years. At that time, he can withdrawal $28,500 per month If the trust fund is invested at a 50 percent rate, how many months will it last your client once he starts to withdraw the money? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Number of months

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