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  3. your aunt has $550,000 invested at 5.5% and she no

your aunt has $550,000 invested at 5.5% and she now wants to retire. She wanted...

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Accounting

your aunt has $550,000 invested at 5.5% and she now wants to retire. She wanted to withdraw $45,000 at beginning of each year, beginning immediately. She also wants to have $50,000 left to give to you when she ceases to withdraw from the account. For how many years can she make the $45,000 withdrawals?

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