Your Uncle Has $485,000 and Wants to Retire

Multiple Choice

Your uncle has $485,000 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) $40,474.12
B) $35,617.22
C) $39,259.89
D) $50,592.65
E) $47,759.46