Find a formula for the number N of monthly withdrawals needed to draw down to zero an account initially valued at . Use the formula to determine how many withdrawals are required to draw down to zero...

Find a formula for the number N of monthly withdrawals needed to draw down to zero an account initially valued at
. Use the formula to determine how many withdrawals are required to draw down to zero an account with initial value $200,000, if the account pays 6% compounded monthly.