Your uncle has $300,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning 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. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account

14.96

Explanation:

Calculation to determine For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end

Using financial calculator to determine the Number of years

I/YR= 7.50%

PV=$300,000

PMT=$35,000

FV=$25,000

N=?

Hence,

N=14.96 years

Therefore For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end will be 14.96 years

answer; human resource management.(hrm);

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"