### Ceases to withdraw funds from the account

##### Reference no: EM131093396

Your uncle has \$340,000 invested at 7.5%, and he now wants to retire. He wants to withdraw \$35,000 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 \$35,000 withdrawals and still have \$25,000 left in the end?

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