Question: Your aunt has $ 5 7 0 , 0 0 0 invested at 5 . 5 % , and she now wants to retire. She

Your aunt has $570,000 invested at 5.5%, and she now wants to retire. She wants to withdraw $45,000 at the beginning of each year, beginning imediately. She also wants to have $50,000 left to give you when she ceases to withdraw funds from the account. For how many years can she make the $45,000 withdrawals and still have $50,000 left in the end?
a.11.56 years
b.19.05 years
c.20.00 years
d.21.10 years
e.20.17 years
 Your aunt has $570,000 invested at 5.5%, and she now wants

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