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Your uncle has $340,000 invested at 7.1%, and he now wants to retire. He wants to withdraw 535.000 at the end of each year, starting
Your uncle has $340,000 invested at 7.1%, and he now wants to retire. He wants to withdraw 535.000 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 stops withdrawing funds from the account. For how many years can be make the $35.000 withdrawals and still have $25,000 left at the end? Your answer should be between 12.32 and 20.34, rounded to 2 decimal places with no special characters
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