Question: Your uncle has $ 1 , 0 1 5 , 0 0 0 and wants to retire. He expects to live for another 2 8

Your uncle has $1,015,000 and wants to retire. He expects to live for another 28 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 28 years and end up with zero in the account?
Your uncle has $1,015,000 and wants to retire. He expects to live for another 28 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 28 years and end up with zero in the account?
$91,056.33
$87,701.28
$84,703.56
$81,582.58

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