Question: Your client has been given a trust fund valued at 1.20 million. He cannot access the money until he turns 65 years old, which is

Your client has been given a trust fund valued at 1.20 million. He cannot access the money until he turns 65 years old, which is in 25 years. At the time, he can withdraw $20,000 per month.

If the trust fund is invested at a 4.0 percent rate, how many months will it last your client once he starts to withdraw the money?

Number of months?

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