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Business, 13.07.2019 05:10 nicolasjarrin

Your father's employer was just acquired, and he was given a severance payment of $523,000, which he invested at an 8.0% annual rate. he now plans to retire, and he wants to withdraw $50,000 at the beginning of each year, starting at the beginning of this year. how many years will it take to exhaust his funds, i. e., run the account down to zero?

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Your father's employer was just acquired, and he was given a severance payment of $523,000, which he...
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