1. Your uncle has 340000 invested at 6.8% and wants to retire at the end of this year. He also wants to have 25000 left to give you when he stops withdrawing funds from the account. for how many years can he make that 35000 withdrawal and still have 25000 left at the end?
2. A German firm is attempting to determine the euro/pound exchange rate and has the following exchange rate information: USD/pound = $1.5509/£ and the USD/euro rate = $1.2300/€. Therefore, the euro/pound rate must be approximately: A) £1.2719/€. B) €1.2719/£. C) €0.7316/£. D) €1.2609/£. E) None of the Above