How many years will he be able to make this withdrawal

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Reference no: EM132643112

Question - Assume all the wealth calculated in part (a) is invested at t=10 in an account that pays 7% per year. Moreover, assume your client wishes to withdraw $60,912 at the end of each year during his retirement before he ends up with a zero balance. How many years will he be able to make this withdrawal (do not interpolate)?

Reference no: EM132643112

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