SOLUTION: Using a line of credit of 1,000,000. I withdraw 2500 monthly with an annual interest rate of 4%, compounded monthly, how many payments will I receive before the line of credit is g

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Question 1155776: Using a line of credit of 1,000,000. I withdraw 2500 monthly with an annual interest rate of 4%, compounded monthly, how many payments will I receive before the line of credit is gone.
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Using a line of credit of 1,000,000. I withdraw 2500 monthly with an annual interest rate of 4%, compounded monthly, how many payments will I receive before the line of credit is gon