your father

Question 12 (6 points) Your father has $500,000 earned at 8% now, and he wants to retire. He wants to withdraw $50,000 at the beginning of each year, beginning immediately. How many years will it take to exhaust his funds, i., run the account down to zero? 15.27 years 18.49 years 17.54 years 13.91 years Vears