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Author Question: Your uncle has $400,000 invested at8.5%, and he now wants to retire. He wants to withdraw $39,000 at ... (Read 111 times)

jojoperlo_

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on: Aug 7, 2023
Your uncle has $400,000 invested at8.5%, and he now wants to retire. He wants to withdraw $39,000 at the end of each year, beginning at the end of this year. He also wants to have $32,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $39,000 withdrawals and still have $32,000 left in the end?

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25.96


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26.01


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26.49


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27.32

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by jojoperlo_ on Aug 7, 2023

feiojef

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jojoperlo_

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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