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