A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used to establish an annuity that earns 5%, compounded quarterly, and pays $6500 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.) ??? quarters

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Q: A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used…

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