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Your uncle has $196,270 invested at 5.6 percent, and he now wants to retire. He wants to withdraw $23,143 at the end of each year,
Your uncle has $196,270 invested at 5.6 percent, and he now wants to retire. He wants to withdraw $23,143 at the end of each year, starting at the end of this year. He also wants to have $17,223 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $23,143 withdrawals and still have $17,223 left in the end? \begin{tabular}{|c|} \hline 11.04 \\ \hline 11.54 \\ \hline 10.54 \\ \hline 10.04 \\ \hline 9.54 \\ \hline \end{tabular}
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