Your Uncle Has $1,375,000 and Wants to Retire

question 119

Multiple Choice

Your uncle has $1,375,000 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) $92,514.13
• B) $127,052.74
• C) $97,448.22
• D) $123,352.17
• E) $124,585.70

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Desirable Job

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