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Your father has $500,000 invested at 8%, and he now wants to retire. He wants to withdraw $50,000 at the end of each year. How

Your father has $500,000 invested at 8%, and he now wants to retire. He wants to withdraw $50,000 at the end of each year. How many years will it take to exhaust his funds (run the account down to zero)?

N
I/Y
PV
PMT
FV

Please, assist and show proper variables used.

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