Question
Your uncle has 340000 invested at 6.8% and wants to retire at the end of this year. He also wants to have 25000 left to
Your uncle has 340000 invested at 6.8% and wants to retire at the end of this year. He also wants to have 25000 left to give you when he stops withdrawing funds from the account . for how many years can he make that 35000 withdrawal and still have 25000 left at the end?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
