About the invested funds, Your uncle has $500,000 and wants

About the invested funds

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Reference no: EM13849364

Your uncle has $500,000 and wants to retire. He expects to live for another 30 years and to earn 6.5% on his invested funds. How much could he withdraw at the end of each of the next 30 years and end up with zero in the account?

$38.288.72

$75,593.03

$5,788.72

$6,164.99

$3,307,183.08

Reference no: EM13849364

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