You have just received an endowment of $32 976.You plan to put the entire amount in an account earning 8%compounded annually and to withdraw $4000 at the end of each year.How many years can you continue to make the withdrawals?

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The Answer of You have just received an endowment of $32 976.You plan to put the entire amount in an account earning 8%compounded annually and to withdraw $4000 at the end of each year.How many years can you continue to make the withdrawals?

You Have Just Received an Endowment of $32 976