Business
Business, 17.07.2020 16:01, Supermonkey6425

your uncle has $340000 invested at 7.5% and he now wants to retire. He wants to withdraw $35000 at the end of each year, starting at the end of this year. He also wants to have $25000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the 35000 withdrawals and still have $25000 left in the end

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Answers: 3

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your uncle has $340000 invested at 7.5% and he now wants to retire. He wants to withdraw $35000 at t...

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