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Question 7 Your uncle has $300,000 invested at 5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each

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Question 7 Your uncle has $300,000 invested at 5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning 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. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25.000 left in the account? (Hint: If your solution for N is not an integer, round UP to the nearest whole number. For example, 4.1 should be rounded Up to 5) 12 O 17 11 13 15

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