Your aunt ruth has 500000 invested at 65 and she plans to
Your aunt Ruth has $500,000 invested at 6.5%, 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?
a. 18.62b. 19.60c. 20.63d. 21.71e. 22.86
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