Your father has 540000 invested at 73 and he now wants to


Your father has $540,000 invested at 7.3%, and he now wants to retire. He wants to withdraw $50,000 at the beginning of each year, beginning immediately. How many years will it take to exhaust his funds, i.e., run the account down to zero?

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Finance Basics: Your father has 540000 invested at 73 and he now wants to
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