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For how many years can she pay for her education

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Question - Sally received and invested $57,642 from her parents to fund her post-secondary education. She would like to withdraw $5000 at the beginning of every quarter, starting today so that she can pay for tuition and books each semester. If her investment fund earns 2.95% compounded quarterly, for how many years can she pay for her education?

Reference no: EM132755621

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