Bree has accumulated $151,578.48 in her retirement savings plan. She wants to purchase an annuity that will pay her $2,500 at the start of every month. If the funds earn 4.2% compounded monthly, how many payments will she receive before the fund is fully depleted?

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A: Thanks for the question :)And your upvote will be really appreciable ;)

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A: Since you have asked multiple questions, we will solve the first question for you. If you want any…