You have 500000 for your retirement your conservative bond, Finance Basics

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You have 500000 for your retirement your conservative bond

Question: You have $500,000 for your retirement. Your conservative bond fund earns 8% interest, compounded quarterly. How much money can you withdraw each quarter so that your savings will last 25 years? If you withdraw $3000 every quarter, how long will the money last?

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Finance Basics: You have 500000 for your retirement your conservative bond

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Finance Basics: You have 500000 for your retirement your conservative bond

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