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Business, 18.02.2020 02:17 rafeychoudhry4571
Your friend Bob just retired after running a donut shop for 40 years. He has saved $3.5 million in his retirement accounts. Now he has his money in bond funds that have a 5% annual rate of return.
A) How much will Bob be able to withdraw at the beginning of each month for the next 30 years? Assume he will have $0 left after year 30.
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