Invested funds problem, Your uncle has $1,025,000 and wants

Invested funds problem

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Reference no: EM13723774

Your uncle has $1,025,000 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?

Reference no: EM13723774

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