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)$28,843.38
B)$30,361.46
C)$31,959.43
D)$33,641.50
E)$35,323.58

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The Answer of 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)$28,843.38
B)$30,361.46
C)$31,959.43
D)$33,641.50
E)$35,323.58

Uncle Has $375,000 and Wants to Retire