Question: Answer for this question A 18 years is the correct answer. I need to steps of answering this question in detiels on EXCEL Youve
Answer for this question " A 18 years "is the correct answer. I need to steps of answering this question in detiels on EXCEL
Youve invested your savings at 5.5% and been able to accumulate $500,000. You'l like to withdraw $45,000 at the end of every year. How long until the balance has been reduced to $50,000? (round down to the nearest whole year)
a. 18 years
b. 16 years
c. 17 years
d. 10 years
e. 15 years
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