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Your uncle has $300,000 invested at 75%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting
Your uncle has $300,000 invested at 75%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting at the end of this year. 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. 12.21 b. 1348 c. 14.71 d. 15.49 e. 16.32
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