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Advanced Placement (AP), 10.03.2021 18:20 khemphill4118
Your uncle has $450,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account? Round your answer to 2 decimal places.
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Your uncle has $450,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 a...
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