Question: Your client has been given a trust fund valued at $ 1 . 0 6 million. He cannot access the money until he turns 6
Your client has been given a trust fund valued at $ million. He cannot access the money until he turns years old, which is in years. At that time, he can withdraw $ per month.
If the trust fund is invested at a percent rate, how many months will it last your client once he starts to withdraw the money?
Note: Assume annual compounding. Do not round intermediate calculations and round your final answer to decimal places.
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