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#1




how long will the fund last?
I have this question says $10000 is in fund which is accumulating at 5% per annum convertible continuously. If the money continually withdrawn at the rate of $2000 per annum, how long will the fund last?
I tried to approach the question by setting: 10000 e^0.05 = 2000 (0.05/ln(1.05)) S_angle(n,5%) I got the answer of 4.68 years. I thought I can post my work here so I can receive some feedback. Thanks 
#2




How does an answer less than 5 years even make sense?

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