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You are planning to save for retirement over the next 28 years. To do this, you will invest $946 per month in a stock account and $472 per month in a separate bond account. The return of the stock account is expected to be 12%, and the bond account will pay 6%. When you retire, you will combine your money into an account with an expected 9% return.

How much will be in the stock account at retirement?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92790686

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