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Your uncle has $300,000 invested at 7.5% and wants to retire. He wants to withdraw 35,000 at the beginning of each year, beginning immediately. He
Your uncle has $300,000 invested at 7.5% and 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?
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