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Your grandfather has $ 3 0 0 , 0 0 0 invested at 7 . 5 % , and he now wants to retire. He

Your grandfather has $300,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the beginning of each year, beginning immediately. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end?
a.
13.47
b.
11.89
c.
14.63
d.12.61

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