Question: Your uncle has $ 3 3 3 , 0 0 0 invested at 8 . 5 0 % , and he now wants to retire.

Your uncle has $333,000 invested at 8.50%, and he now wants to retire. He wants to withdraw $45,000 at the end of each year, starting at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $45,000 withdrawals and still have $25,000 left in the end?

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