Your aunt has $550,000 invested at 5.5%, 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...


Your aunt has $550,000 invested at 5.5%, and she now wants to retire. She wants<br>to withdraw $45,000 at the beginning of each year, beginning immediately. She<br>also wants to have $50,000 left to give you when she ceases to withdraw funds<br>from the account. For how many years can she make the $45,000 withdrawals and<br>still have $50,000 left in the end?<br>18 уеars<br>O 19 years<br>22 years<br>O 16 years<br>0 15 уеars<br>

Extracted text: Your aunt has $550,000 invested at 5.5%, 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? 18 уеars O 19 years 22 years O 16 years 0 15 уеars

Jun 08, 2022
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