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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
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