Business, 11.03.2020 17:43 jordanrini
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
Answers: 1
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Your aunt has $680,000 invested at 5.5% (time zero), and she now wants to retire. She wants to withd...
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