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Your uncle has $315,000 and wants to retire. He expects to live for another 25...

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Finance

Your uncle has $315,000 and wants to retire. He expects to live for another 25 years and to earn 8.3% 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. $27,948.89
b. $26,145.00
c. $30,670.15
d. $30,268.65
e. $4,123.65

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