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10. Your father has $500,000 invested at 8%, and he now wants to retire. He wants to withdraw $50,000 at the end of each year.

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10. Your father has $500,000 invested at 8%, and he now wants to retire. He wants to withdraw $50,000 at the end of each year. How many years will it take to exhaust his funds (run the account down to zero)? N I/Y PV PMT FV

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