Alpha Geek

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    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

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    Polytechnic State University
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Category > Business & Finance Posted 02 Aug 2017 My Price 8.00

Your client has been given a trust fund valued at $1.16 million. He cannot access the money until

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? 
 
 

Answers

Alpha Geek
(8)
Status NEW Posted 02 Aug 2017 05:08 PM My Price 8.00

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