A personal account earmarked as a retirement supplement contains $292,200. Suppose $250,000 is used to establish an annuity that earns 4%, compounded quarterly, and pays $4500 at the end of each...


A personal account earmarked as a retirement supplement contains $292,200. Suppose $250,000 is used to establish an annuity that earns 4%, compounded quarterly, and pays $4500 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)
 quarters



Jun 05, 2022
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