Your uncle has 375000 invested at 75 and he now wants to, Ask an Expert

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Your uncle has $375,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of the year, beginning at the end of this year.

How many years will it take to exhaust his fund, i.e., run down the account to zero? PLEASE SHOW WORK.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92871622

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