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Your aunt has $ 5 5 0 , 0 0 0 invested at 5 . 5 % , and she now wants to retire. She
Your aunt has $ invested at and she now wants to retire. She wants to withdraw $ at the beginning of each year, beginning immediately. She also wants to have $ left to give you when she ceases to withdraw funds from the account. For how many years can she make the $ withdrawals and still have $ left in the end?
Your aunt has $ invested at and she now wants to retire. She wants to withdraw $ at the beginning of each year, beginning immediately. She also wants to have $ left to give you when she ceases to withdraw funds from the account. For how many years can she make the $ withdrawals and still have $ left in the end?
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