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Your uncle has $197,542 invested at 1.4 percent, and he now wants to retire. He wants to withdraw $11,068 at the end of each year,
Your uncle has $197,542 invested at 1.4 percent, and he now wants to retire. He wants to withdraw $11,068 at the end of each year, starting at the end of this year. He also wants to have $34,614 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $11,068 withdrawals and still have $34,614 left in the end? 17.46 17.96 18.96 18.46 17.96
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