1a.) Your uncle has $338,437.45 and wants to retire. He expects to live for another 25 years, and he also expects to earn 7.5% on his invested funds. How much could he withdraw at the beginning of each of the next 25 years and end up with zero in the account?

$28,243.21

$29,729.70

$31,294.42

$32,859.14

$34,502.10

b. What's the present value of $1,375.83 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly?

$ 969

$1,020

$1,074

$1,131

$1,187

c. You have a chance to buy an annuity that pays $522.50 at the beginning of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?

$1,412.84

$1,487.20

$1,565.48

$1,643.75

$1,725.94