Solution-For how many years can she make the withdrawals

For how many years can she make the withdrawals

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Reference no: EM133080837

Question - Your Auntie has $300,000 invested at 7.5%, and she now wants to retire. She wants to withdraw $35,000 at the beginning of each year, beginning immediately. She also wants to have $25,000 left to give you when she ceases to withdraw funds from the account. For how many years can she make the $35,000 withdrawals and still have $25,000 left in the end?

A) 11.98

B) 12.61

C) 13.27

D) 14.63

Reference no: EM133080837

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For how many years can she make the withdrawals

Reference no: EM133080837

Reference no: EM133080837

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