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4 - 5 2 . A financial consultant offers you a pension product that allows you to invest your retirement savings of $ 3 0

4-52. A financial consultant offers you a pension product
that allows you to invest your retirement savings of
$300,000 in a deposit that pays 4% per annum. At the
same time, you can annually withdraw up to $25,000 from
this savings pool. How many years will your savings last,
if you were to withdraw up to the annual limit every
year? (4.7)
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