Need step-by-step instructions in how to get an answer. Thanks Your Aunt Ruth has $610,000...
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Need step-by-step instructions in how to get an answer. Thanks Your Aunt Ruth has $610,000 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, i.e., run the account down to zero?
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