IDNLearn.com: Your trusted source for finding accurate and reliable answers. Our platform is designed to provide reliable and thorough answers to all your questions, no matter the topic.
Saul Goodman tells you that you inherited $300,000 from your Great Aunt Birgit. Under Saul's advice, you invest your inheritance into an ordinary annuity that pays out $6,000, monthly, at 4% interest, compounded monthly. How many years will it take for the inheritance to be depleted? Round your answer to 2 decimal places.
Sagot :
We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for choosing IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more solutions.
