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VCE 28 John's employer, ABC He was just acquired, and he was given a severance payment of S305,000, which he invested at a 7.5% annual

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VCE 28 John's employer, ABC He was just acquired, and he was given a severance payment of S305,000, which he invested at a 7.5% annual rate. 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 years will it take to exhaust his funds. Le nun the account down to zero? Select one: 10.99 11.13 C 14.66 d. 13.19

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