Nathan withdraws $5,280.00 at the beginning of every month from a $37,500.00 fund which is growing at

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Question:

Nathan withdraws $5,280.00 at the beginning of every month from a $37,500.00 fund which is growing at 5.52% compounded monthly. K a. Calculate the number of monthly withdrawals that he can make, rounded down to include only the whole $5,280.00 withdrawals.

Calculate the time taken to deplete the fund. Express your answer in years and months, rounding to the nearest month.