Question: Mel plans to save 10,000 dollars per year for 6 years. His first savings contribution is expected in 1 year. He then plans to withdraw

Mel plans to save 10,000 dollars per year for 6 years. His first savings contribution is expected in 1 year. He then plans to withdraw 15,200 dollars per year for as long as he can. Mel expects to earn 5.11 percent per year. How many payments of 15,200 dollars can Mel expect to receive if his first annual payment of 15,200 dollars is received in 6 years? Round your answer to 2 decimal places

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