Linda saved enough tip money from working at a restaurant to place $100,000.00 in a saving...
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Linda saved enough tip money from working at a restaurant to place $100,000.00 in a saving account generating 12.55% compounded monthly. She wants to collect a monthly income of $2,266 at the end of each month, for as long as the money lasts. Approximately, how long will Linda have this income coming to him? Linda saved enough tip money from working at a restaurant to place $100,000.00 in a saving account generating 12.55% compounded monthly. She wants to collect a monthly income of $2,266 at the end of each month, for as long as the money lasts. Approximately, how long will Linda have this income coming to him?
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