Your uncle has $ 392,000 invested at 6.8% and he now wants to retire. He plans to
Fantastic news! We've Found the answer you've been seeking!
Question:
Your uncle has $392,000invested at6.8%and he now wants to retire. He plans to withdraw $60,000at the end of eachyear, beginning this year.
How many years will it take to exhust his funds, i.e., run the account down to zero? ____years (Round answer to one decimal place.)
Expert Answer:
Posted Date:
