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need help will upvote immediately! Question 16 of 50 a. mur father's employer was just acquired, and he was given a severance payment of $345,000,
need help will upvote immediately!
Question 16 of 50 a. mur father's employer was just acquired, and he was given a severance payment of $345,000, which he invested at a 7.8% annual te. He now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. How many ears will it take to exhaust his funds, i.e., run the account down to zero? O a. 30.47 years O 6.12.82 years O $39.50 years O d. 9.86 years O e. 16.63 years O 57F ENG 11:20 pm 27/02/2022 Step by Step Solution
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