Your uncle has $1,015,000 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?
A. $84,703.56
B. $82,162.46
C. $98,256.13
D. $105,032.42
E. $77,080.24
Answer: A
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