How much the account earn interest at a rate

Reference no: EM13222831

Prudential Realty has an escrow account for one of its property management clients that currently contains $20,000. How long will it take to deplete the account if the clients withdraws $5000 now, $4500 one year from now,and amounts decreasing by $500 each year thereafter, if the account earn interest at a rate of 8% per year?

Reference no: EM13222831

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