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Your uncle has $955,000 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 $955,000 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 thebeginningof each of the next 25 years and end up with zero in the account?
a. $79,696.46
b. $61,366.27
c. $74,914.67
d. $90,057.00
e. $77,305.56
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