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Business, 19.11.2019 03:31 lam21

Your aunt has $270,000 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?

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Your aunt has $270,000 invested at 5.5%, and she now wants to retire. she wants to withdraw $45,000...

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