Your 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?

Select one:

a. $30,361.46

b. $28,843.38

c. $31,959.43

d. $33,641.50

e. $35,323.58