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 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) $28,243.21
B) $29,729.70
C) $31,294.42
D) $32,859.14