Your Uncle Has $1,015,000 and Wants to Retire

Multiple Choice

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