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Your uncle has $485,000 and wants to retire. He expects to live for another 25 years, and he also expects to earn 7.5% on his

Your uncle has $485,000 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? (Give the answer as a number with two decimals)

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