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Question 2 (5 points) Your aunt has $260,000 invested at 6.32%, and she now wants to retire. She wants to withdraw $35,000 at the end
Question 2 (5 points) Your aunt has $260,000 invested at 6.32%, and she now wants to retire. She wants to withdraw $35,000 at the end of each year, starting at the end of this year. She also wants to have $25,000 left to give you when she ceases to withdraw funds from the account. For how many years can she make the $35,000 withdrawals and still have $25,000 left in the end? (Multiple Choice) 10.50 12.58 13.90 9.59 14.26
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