Your Uncle Has $1,375,000 and Wants to Retire

Multiple Choice

Your uncle has $1,375,000 and wants to retire.He expects to live for another 25 years and 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) $92,514.13
B) $127,052.74
C) $97,448.22
D) $123,352.17
E) $124,585.70