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11B. You are planning to save for retirement over the next 15 years. To do this, you will invest $1,200 a month in a stock

11B. You are planning to save for retirement over the next 15 years. To do this, you will invest $1,200 a month in a stock account and $900 a month in a bond account. The return of the stock account is expected to be 10 percent, and the bond account will pay 5 percent. When you retire, you will combine your money into an account with a return of 8 percent.

How much can you withdraw each month from your account assuming a 15-year withdrawal period?

A. $324,311.54

B. $7,051.99

C. $7,193.03

D. $6,910.95

E. $84,623.89

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