How much could he withdraw at the end of each

Reference no: EM13286310

Your uncle has $375,000 and wants to retire. He expects to live for another 25 years and to earn 7.5% on his invested funds. How much could he withdraw at the end of each of the next 25 years and end up with zero in the account?

a. $30,361.46
b. $35,323.58
c. $31,959.43
d. $28,843.38
e. $33,641.50

Reference no: EM13286310

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