Steve inherited $100,000 from his grandmother and deposited it into an account that compounds interest monthly at a rate of 4.9%.Each month,he withdraws $500 from the account.How long will it take him until the account has a balance of $0? Round your answer to the nearest tenth of a year.

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The Answer of Steve inherited $100,000 from his grandmother and deposited it into an account that compounds interest monthly at a rate of 4.9%.Each month,he withdraws $500 from the account.How long will it take him until the account has a balance of $0? Round your answer to the nearest tenth of a year.

Steve Inherited $100,000 from His Grandmother and Deposited It into an Account