Your client has been given a trust fund valued at $1.09 million. He cannot access the money
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Question:
Your client has been given a trust fund valued at $1.09 million. He cannot access the money until he turns 65 years old, which is in 30 years. At that time, he can withdrawl $29,500 per month. If the trust fund is invested at a 5.0 percent rate, how many months will it last your client once he starts to withdrawl the money? (Do not round intermediate calculations and round your final answer 2 decimal places.
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