Clarence has a retirement fund of $300,000 that earns 11% compounded monthly. His plan is to withdraw $3,000 at the

Clarence has a retirement fund of $300,000 that earns 11% compounded monthly. His plan is to withdraw $3,000 at the end of every month for 12 years and then increase the monthly withdrawals to $5,000. How many $5,000 withdrawals will he be able to make?
A) 30
B) 43
C) 48
D) 51
E) 59

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