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An endowment fund is set up with a donation of $110,000. If it earns 4.1% compounded monthly, fir how long will it sustain end of month withdrawals of $1300? Endowment for ________ years(s) and ________
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An endowment fund is set up with a donation of $110,000. If it earns 4.1% compounded monthly, fir how long will it sustain end of month withdrawals of $1300? Endowment for ________ years(s) and ________ months(s)

User Trever
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8 years and 4 months
An endowment fund is set up with a donation of $110,000. If it earns 4.1% compounded-example-1
User Alino Manzi
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