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ololo11 [35]
3 years ago
15

Your aunt has $680,000 invested at 5.5% (time zero), and she now wants to retire. She wants to withdraw $45,000 at the beginning

of each year, beginning immediately. She also wants to have $50,000 left to give you when she ceases to withdraw funds from the account. For how many years can she make the $45,000 withdrawals and still have $50,000 left in the end?
a. 30.00

b. 29.40

c. 24.90d. 36.61e. 23.40
Business
1 answer:
saveliy_v [14]3 years ago
8 0

Answer:

None of the options was correct

<em>It will take her 15.94 years to make withdrawals and yet have up to $50,000.00 to give me.</em>

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