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Your uncle has $300,000 invested at 9%, and he now wants to retire. He wants...

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Accounting

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Your uncle has $300,000 invested at 9%, and he now wants to retire. He wants to withdraw $35,000 at the end of each vear. beginning at the end of this year. He also wants to have $25,000 left to give you when he ceases to withidraw funds from the account. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account? (Hint: If your solution for N is not an integer, round to the nearest whole number.) 16 12 18 14 15

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