Your Aunt Ruth has $340,000 invested at 7%, and she plans to retire. She wants to...

Your Aunt Ruth has $340,000 invested at 7%, and she plans to retire. She wants to withdraw $40,000 at the beginning of each year, starting immediately. How many years will it take to exhaust her funds, i.e., run the account down to zero?

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Amanda K answered 2 years ago

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