Your client has been given a trust fund valued at $1.52 million. She cannot access the money until she turns 65 years old, which is in 15 years. At that time, she can withdraw $21,000 per month.

  

If the trust fund is invested at a 5 percent rate, compounded monthly, how many months will it last your client once she starts to withdraw the money? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

  

Number of months

Answer rating: 100% (QA)

To determine the number of months the trust fund will last for your client we can use the future val... View the full answer