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1 of 30 Your uncle has $290,000 invested at 7.9%, and he now wants to retire. He wants to withdraw $35,000 at the end of
1 of 30 Your uncle has $290,000 invested at 7.9%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 7.57 years b. 11.56 years C. 14.70 years d. 13.98 years e. 13.22 years
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