Your Uncle Has $375,000 and Wants to Retire

Multiple Choice

Your uncle has $375,000 and wants to retire.He expects to live for another 25 years and to be able 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) $28,843.38
B) $30,361.46
C) $31,959.43
D) $33,641.50