1. Your uncle has $300,000 invested at 8.78%, 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 $50,000 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 $50,000 left in the account? (Please use the formula approach to solve this problem) Please use handwritten formula and not excel.