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QUESTION
Your uncle has $415,000 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
Your uncle has $415,000 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?
a. $37,229.93
b. $45,048.21
c. $45,420.51
d. $29,783.94
e. $40,952.92
