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You are planning to save for retirement over the next 30 years.

To do this, you will invest $800 a month in a stock account, and $350 per month in a bond account. The return of the stock account is expected to be 11 percent, and the bond account will pay 6 percent.

When you retire, you will combine your money into an account with an 8 percent return. 3

How much can you withdraw each month from your account assuming a 25-year withdrawal period?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91914523

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