Martinakom

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Category > Business & Finance Posted 11 Oct 2017 My Price 5.00

Question: Your Aunt Marie invested $300,000 at 7.5% and wants to retire. She plans to withdraw $35,000 at the end of every year

Question:Your Aunt Marie invested $300,000 at 7.5% and wants to retire. She plans to withdraw $35,000 at the end of every year, starting at the end of this year. She also wants to leave $25,000 for her niece in the account. How many years can she withdraw $35,000 and have $25,000 left in the end? Show your work.

I understand you can use a finance calculator but list out all the inputs with whether they are positive or negative.

 

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Martinakom
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Status NEW Posted 11 Oct 2017 02:10 PM My Price 5.00

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