Your uncle has

$240,000

invested at

6.70%

, and he now wants to retire. He wants to withdraw

$35,000

at the end of each year, beginning at the end of this year. He also wants to have

$15,000

left to give you when he ceases to withdraw funds from the account. What is the maximum number of

$35,000

withdrawals that he can make and still have at least

$15,000

left in the account? Round your answer to 2 decimal places.\ a. 9.49\ b. 9.04\ c. 6.43\ d. 7.98\ e. 9.92

Your uncle has $240,000 invested at 6.70%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning at the end of this year. He also wants to have $15,000 left to give you when he ceases to withdraw funds from the account. What is the maximum number of $35,000 withdrawals that he can make and still have at least $15,000 left in the account? Round your answer to 2 decimal places. a. 9.49 b. 9.04 c. 6.43 d. 7.98 e. 9.92