Dr a sanchez has 300000 invested at 75 and he now wants to, Ask an Expert

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Dr. A. Sanchez has $300,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting at the end of this year. He also wants to have $25,000 left to give his friend Dr. J. Mourinho 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92062807

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