Question: Your client has been given a trust fund valued at $1.58 million. She cannot access the money until she turns 65 years old, which is

Your client has been given a trust fund valued at $1.58 million. She cannot access the money until she turns 65 years old, which is in 15 years. At that time, she can withdraw $24,000 per month.

If the trust fund is invested at a 5.5 percent rate, how many months will it last your client once she starts to withdraw the money

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