Danielle deposits 12000 in a savings account with a


Danielle deposits $12,000 in a savings account with a discount rate of 10% per year. After 15 years, Danielle moves the money to an account that accumulates at a force of interest of 8%. At that same time, Danielle begins withdrawing money continuously at a rate of $6,000 per year until the fund is exhausted. For how many years will Danielle be able to withdraw money?

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Financial Management: Danielle deposits 12000 in a savings account with a
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