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Your uncle has $1,200,000 and wants to retire. He expects to live for another 25 years, and he also expects to earn 7% on his

Your uncle has $1,200,000 and wants to retire. He expects to live for another 25 years, and he also expects to earn 7% 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? a. $84,703.56 b. $82,162.46 c. $96,236.09 d. $105,032.42 e. $77,080.24

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