uncle Fred recently died and left $360,000 to his 45-year-old favorite niece. She immediately spent $110,000 on a townhome, but decided to invest the balance for her retirement at age 65. What rate of return must she earn on her investment over the next 20 years to permit her to withdraw $85,000 at the end of each year through the age 85 if your funds earn 9% during the retirement? Use appendix a and appendix d answer the question round your answer to the nearest whole number.

rote of returi must the carn on tier invetenent over the bext 20 vears to permit het to withdraw 185,000 at the end of each veat tevough age 85 it her funds rarn 0 petcent anmualy during retirement? Use Apgendir A and Appendix D to answer the question. Round your answer to the nearest whole fumber. Interest Factors for the Future Value of One Dollar Interest Factors for the Present Value of an Annuity of One Dollar Problem 76