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Your client has been given a trust fund valued at $116 million He cannot access the money until he turns 65 years old which is in 25 years At that time he can withdraw $22000 per month. I the

Your client has been given a trust fund valued at $1.16 million. He cannot access the money until he turns 65 years old, which is in 25 years. At that time, he can withdraw $22,000 per month. If the trust fund is invested at a 4.5 percent rate, compounded monthly, how many months will it last your client once he starts to withdraw the money?
 

May 21 2020 View more View Less

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