Your Uncle Has $955,000 and Wants to Retire

Multiple Choice

Your uncle has $955,000 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) $79,696.46
B) $77,305.56
C) $74,914.67
D) $90,057.00
E) $61,366.27