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$1.00 PLEASE HELP ASAP challenging

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jess15584
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Q:
Your uncle has $280,000 invested at 7.5%, and he now wants to retire.  He wants to withdraw $35,000 at the end of each year, starting at the end of this year.  He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account.  For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end?

Answer

 
10.31
 
13.39
 
15.67
 
15.80
 
14.19
What's the present value of a perpetuity that pays $3,800 per year if the appropriate interest rate is 5%?

Answer

 
$76,000.00
 
$90,440.00
 
$92,720.00
 
$71,440.00
 
$63,840.00
 

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genius4u
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