Your Uncle Has $795,000 and Wants to Retire

question 106

Multiple Choice

Your uncle has $795,000 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) $72,033.18
• B) $79,878.38
• C) $77,025.58
• D) $71,319.98
• E) $59,908.79

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